The post Bitfinex Expands With New Derivatives License in El Salvador: Details appeared on BitcoinEthereumNews.com.

The official platform Bitfinex Derivatives has announced that it has received a Digital Asset Service Provider (DASP) license in El Salvador. The Seychelles based parent company made this announcement as the platform continues to expand its presence across the Latin American region. Bitfinex Gains DASP License in El Salvador, Strengthening Latin America Presence As reported on X recently, Bitfinex Derivatives has become the latest to obtain a DASP license in El Salvador. With this license, the platform is able to offer its derivatives service through a new subsidiary called Bitfinex Derivatives El Salvador S.A. de C.V. The company statement adds that the users have to agree to the terms in order to continue using the service. The move to El Salvador aligns with Bitfinex’s strategy to strengthen its foothold in Latin America. The company noted its mission to deliver advanced trading solutions. This further reinforces Bukele’s government position as a key player in the crypto economy. The trading platform stated, “To continue to use the Derivative Services on or after this date, you will be required to accept the Bitfinex Derivatives El Salvador S.A. de C.V. terms of service. “ Enhanced Trading Solutions Through Bitfinex Derivatives With the DASP license, Bitfinex will provide innovative derivatives trading services to its users. These services include options, perpetual futures, and other advanced trading instruments. Bitfinex has partnered with providers like Thalex to enhance its offerings and expand accessibility. This licensing ensures compliance with local crypto regulations, providing users with a secure trading environment. The updated framework will attract more institutional and retail traders, boosting its presence in the Latin American region. El Salvador’s Role in the Global Crypto Economy El Salvador has solidified its role as a leader in the cryptocurrency space. The country pioneered Bitcoin adoption as legal tender in 2021 and…

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Filed under: News - @ January 8, 2025 3:22 am