CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-01-07 21:04:39

Bitfinex Derivatives receives DASP license in El Salvador

Bitfinex Derivatives has secured licensing as a Digital Asset Service Provider in El Salvador, the crypto platform’s Seychelles-based parent company has announced. The Bitfinex team noted in a blog post update and on X that its derivatives service will, following the announcement, be available via Bitfinex Derivatives El Salvador S.A. de C.V. This newly licensed derivatives platform in El Salvador means users wishing to continue using the company’s derivative services must accept the updated terms of service. “With this license, we’re proud to relocate Bitfinex Derivatives to El Salvador – a nation leading the charge in building a robust digital economy. This move strengthens our mission to deliver innovative trading solutions, especially to underserved regions in Latin America,” Bitfinex posted on X. You might also like: Bitfinex Securities launches tokenized US Treasury Bills in El Salvador Bitfinex was the first crypto exchange to secure DASP registration in El Salvador in April 2021. The exchange’s Bitfinex Securities also achieved a historic milestone when it became the first platform to obtain El Salvador’s Digital Assets License. In July 2024, Bitfinex Derivatives partnered with crypto derivatives provider Thalex in a collaboration aimed at expanding its services, including options and perpetual futures. The landmark developments followed the Latin American country’s pioneering adoption of Bitcoin ( BTC ) as legal tender in 2021. El Salvador has since become a key destination for crypto projects. Meanwhile, the country’s president Nayib Bukele is among top BTC bulls, with his government purchasing over 6,000 bitcoins by the end of December 2024. You might also like: Bitget secures Bitcoin service provider license in El Salvador

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.