Unlock El Salvador’s Crypto Future: Bitget’s Full Licensing Revealed

Bitget Expands in El Salvador with New Digital Asset Licence

Bitget, a leading cryptocurrency exchange, has obtained a digital asset service provider license in El Salvador.This move follows their earlier approval for a Bitcoin services provider license in 2024.The company announced this in a recent press release.

With this license, Bitget can now offer a range of services in the country. These include spot adn derivatives trading, staking, and yield-focused products. Hon Ng, Bitget’s chief legal officer, highlighted the country’s progressive approach to bitcoin and digital asset regulation. He saeid, “El Salvador is ahead of many in its obvious and forward-thinking stance on digital assets.”

bitget aims to operate responsibly in countries with clear crypto frameworks.They plan to support secure and efficient crypto economies. Hon Ng, Bitget’s chief legal officer, explained their strategy. “We focus on countries with regulated crypto frameworks,” he said.

El Salvador is becoming a hub for web3 companies. Tether, a stablecoin issuer, also moved its operations there after securing a similar license. This trend shows El Salvador’s growing appeal as a regulated crypto hub.

Bitget’s expansion in El Salvador reflects the country’s progressive approach to digital assets. They plan to continue supporting jurisdictions with clear crypto regulations. This move aligns with their global regulatory strategy.

For more details, visit Bitget’s official website.