News View Non-AMP

Bitget Secures El Salvador Bitcoin License, Eyes Latin America Crypto Expansion

Published by
Mustafa Mulla

Bitget, a prominent global cryptocurrency exchange, has received a Bitcoin Service Provider (BSP) license in El Salvador, positioning the platform to offer a range of Bitcoin services to its customers. But that’s not all—Bitget is also aiming for a Digital Asset Service Provider license to expand beyond Bitcoin and tap into Latin America’s growing digital asset market.

El Salvador Grants Key License for Bitcoin Services

The Central Reserve Bank of El Salvador has officially granted Bitget the BSP license. This allows the platform to provide essential services such as Bitcoin-to-fiat exchanges, BTC payment processing, and secure asset storage.

This milestone is part of Bitget’s strategy to grow its global presence, starting with a stronger foothold in El Salvador’s thriving crypto ecosystem.

Next Step: Expanding to Digital Assets

Bitget is also applying for a DASP license from El Salvador’s National Commission of Digital Assets. If approved, this will allow the exchange to expand its offerings beyond Bitcoin, enabling users to access and trade a wider range of digital assets.

Why El Salvador?

El Salvador has emerged as a beacon for cryptocurrency adoption, having made Bitcoin legal tender in 2021. Bitget recognizes the country’s potential as a hub for crypto innovation and is eager to tap into this opportunity. 

According to Min Lin, Bitget’s Chief Business Officer, the platform sees El Salvador as a strategic gateway to unlock the true potential of cryptocurrency. With Latin America’s growing interest in digital assets, El Salvador stands out as a leader in financial inclusion and a driving force for real-world crypto use cases.

Furthermore, Bitget intends to establish a dedicated team in El Salvador to better serve the region and strengthen its local presence.

Bitget’s Eying Global Expansion

Bitget’s expansion in El Salvador is part of its larger global strategy. The exchange has also made significant progress in Europe, securing a Virtual Asset Service Provider (VASP) license in Poland and collaborating with UK-based Archax to meet local regulatory standards.

These efforts reflect Bitget’s ongoing commitment to offering secure and compliant crypto services across the world, reinforcing its position as a trusted leader in the industry.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025