- Bitfinex receives a license in El Salvador to manage derivatives and expand crypto trading services.
- Users must accept new terms to access derivatives on Bitfinex under El Salvador’s regulatory framework.
- El Salvador supports crypto growth with clear rules attracting investors and major platforms like Bitfinex.
Bitfinex, a crypto exchange based in Seychelles, has received a Digital Asset Service Provider license in El Salvador. The announcement was made on January 7. This move supports the company’s expansion plans and highlights El Salvador as a key hub for cryptocurrency and financial technology.
The license allows Bitfinex Derivatives El Salvador S.A. de C.V. to manage derivatives services on the platform. All users, both new and existing, must accept updated terms to access these services. This update ensures compliance with El Salvador laws and provides users with a secure trading platform.
Expanding Presence in Central America
Bitfinex has been active in El Salvador for years. It became the first crypto platform to get an operational permit in the country in 2021. Later that year, it secured another license for its securities arm. The new license further establishes Bitfinex as a leading trading platform in the region.
The new license lets Bitfinex offer advanced trading tools. Users can access features like perpetual futures and options. These tools are designed to help traders take advantage of market trends and fluctuations.
Partnerships Boost Trading Features
Bitfinex continues to improve its platform through partnerships. Recent collaborations with Thalex and Volmex introduced new features like perpetual futures and volatility index trading. In addition, these updates cater to users who want to benefit from price changes in major cryptocurrencies.
El Salvador Supports Crypto Growth
El Salvador has played a key role in making these advancements possible. The government has embraced cryptocurrency with clear regulations that attract investors and businesses. Moreover, this support has helped Bitfinex grow and gain the trust of traders.
The new license is expected to bring more investors to the region. It also strengthens El Salvador’s position as a leader in cryptocurrency adoption.
