Bitfinex Derivatives Receives DASP License in El Salvador
Date: 2025-01-08 Author: Henry Casey Categories: BUSINESS
Once licensed, the platform’s services will be available through Bitfinex Derivatives El Salvador S.A. de C.V. Users who wish to continue using the company’s derivatives services must now agree to updated terms of service.
“With this license, we are proud to relocate Bitfinex Derivatives to El Salvador, a country that is actively building a strong digital economy. This move reinforces our mission to provide innovative trading solutions, particularly to underserved regions of Latin America,” Bitfinex via X said.
Bitfinex Securities Launches Tokenized U.S. Treasury Bonds in El Salvador.
It is worth noting that Bitfinex became the first crypto exchange to receive a DASP registration in El Salvador back in April 2021. Additionally, Bitfinex Securities made history by becoming the first platform to receive a digital asset license in the country.
In July 2024, Bitfinex Derivatives partnered with Thalex, a crypto derivatives provider, to expand its services to include options and perpetual futures.
These significant achievements were made possible by the pioneering approach of El Salvador, which became the first country in the world to recognize Bitcoin as legal tender in 2021. Since then, the country has become an important hub for crypto projects. Salvadoran President Nayib Bukele, known for his commitment to Bitcoin, ended 2024 with the acquisition of over 6,000 BTC for the state treasury.
