BITGET SECURES EL SALVADOR DIGITAL ASSET SERVICE PROVIDER (DASP) LICENSE AFTER BSP APPROVAL

VICTORIA, Seychelles, April 7 (Bernama) -- Bitget, the leading cryptocurrency exchange and Web3 company, has obtained the Digital Asset Service Provider (DASP) license from El Salvador’s National Commission of Digital Assets (CNAD), expanding its regulatory framework within the country. This development comes after the earlier acquisition of the Bitcoin Services Provider (BSP) license in 2024. El Salvador is one of the pioneering jurisdictions passing comprehensive legislation supporting the integration of Bitcoin and digital assets into its financial ecosystem and acting as its official currency. It has started to emerge as a hub for global crypto businesses.

With both the DASP and BSP licenses in place, Bitget gains the ability to offer a broad range of digital asset services within El Salvador. The DASP license covers operations such as spot and derivatives trading, staking, and other yield-based financial products alongside infrastructure that facilitates access to crypto-powered savings and investment solutions. Regulatory clarity in the region enables global platforms to expand under a well-defined legal structure, offering users a higher degree of operational transparency and institutional-grade safeguards.