Bitfinex Secures DASP License in El Salvador

The approval places Bitfinex’s spot trading platform under El Salvador’s digital asset rules, alongside its securities and derivatives businesses.

Summary

Bitfinex said it has obtained a Digital Asset Service Provider (DASP) license in El Salvador, bringing its core spot trading platform under the country’s regulatory framework. The approval adds the exchange to a growing group of crypto firms operating under formal oversight in the country and extends the regulated status already held by Bitfinex Securities and Bitfinex Derivatives.

Terms & Concepts
  • Digital Asset Service Provider (DASP) license: A regulatory authorization that allows a company to offer digital asset services under local law.
  • Spot trading platform: An exchange venue where cryptocurrencies are bought and sold for immediate settlement.
  • Bitfinex Derivatives: Bitfinex’s derivatives (contracts based on asset prices) business for trading crypto-linked products.