News View Non-AMP

Bitfinex Moves Derivatives to El Salvador for Pro-Crypto Laws

Published by
Vignesh S G

El Salvador is quickly becoming a global leader in the world of cryptocurrency. As the first country to make Bitcoin legal tender, it has already made history. But that’s just the beginning.

In 2023, the country introduced the groundbreaking Digital Assets Securities Law, a game-changer that could solidify its position as the world’s crypto hub. Recently, a major development has put El Salvador even further into the spotlight: Bitfinex, one of the top crypto exchanges, has moved its derivatives arm to the capital, San Salvador, after securing a Digital Asset Service Providers (DASP) license.

Let’s dive in and explore this deeper.

Bitfinex Derivatives Moved to El Salvador

In an official statement released to the media, Bitfinex Derivatives has acknowledged the rumours of its relocation from Seychelles to El Salvador. It has also confirmed the report that its DASP licence request has been approved by the Central American country.  

El Salvador’s Crypto-Friendly Framework Explained

El Salvador has the potential to become a major cryptocurrency hub. Not only does the country hold 6,002 BTC, worth around $574 million, but it is also eager to develop pro-crypto policies. The introduction of the Digital Assets Securities Law in 2023 is a prime example.

The law allows the tokenization of assets like funds, equity, and even real estate—opening new possibilities for crypto projects.

Bitfinex Securities was quick to recognize the opportunities provided by El Salvador’s new regulations. Just months after the law’s introduction, Bitfinex earned a local DASP license, becoming one of the first crypto firms to capitalize on the country’s forward-thinking approach to digital assets.

Tokenisation Projects: Success and Setbacks

One of Bitfinex’s most notable initiatives was its tokenized public offering of US Treasury bills in November 2024, made possible by El Salvador’s new tokenisation laws.

However, not all of Bitfinex’s tokenisation efforts have been successful. In July 2024, the exchange attempted to tokenize a Hilton hotel project, but the $342,000 raised fell short of the minimum $500,000 needed for the project to move forward.

El Salvador’s crypto-friendly regulations are attracting global players like Bitfinex, signaling its potential to become a major crypto hub.

FAQs

What is the Digital Assets Securities Law in El Salvador?

This law, introduced in 2023, supports the tokenisation of assets like funds, equity, and real estate, encouraging crypto growth.

What is Bitfinex’s tokenisation?

Bitfinex launched tokenised public offerings, including US Treasury bills, demonstrating El Salvador’s potential as a crypto hub.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Why Is the Crypto Market Going Up Today? BTC, ETH, XRP, and Pi Network Bounce Back Strong

After a nerve-wracking weekend packed with geopolitical tension and market dips, the crypto market is…

June 23, 2025

Ripple News: Can Billions of Dormant XRP Save the Token From Its $2 Breakdown?

It’s been a rocky weekend for XRP holders as the token’s price took a sharp…

June 23, 2025

Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?

Story Highlights The live price of SHIB memecoin is SHIB token price could reach a…

June 23, 2025

Tron Price Prediction 2025, 2026 – 2030: Can Tron Reach $1?

Story Highlights The live price of the Tron coin is Tron crypto could reach a…

June 23, 2025

Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

June 23, 2025

Ethereum Price Today Hits $2,262 — Institutions Stack $113M Worth of ETH!

In the past week, when the Iran-Israel conflict was at its peak, the recent US…

June 23, 2025