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

Solana (SOL) Price Stuck at a Major Resistance—Can it Reach $180 in May 2025?

The crypto market, since the beginning of the second fortnight of the month, has been…

April 25, 2025

Here’s When Altcoins Like XRP, ADA and DOGE Will Rally

The crypto market is consolidating after a strong rally earlier this week, with Bitcoin holding…

April 25, 2025

Best Crypto to Buy Now as XRP Price Rallies

The XRP price rally has created fresh momentum in the crypto market, as Bitcoin moves…

April 25, 2025

2 Best Cryptos To Buy Under $0.50 That Analysts Say Could Skyrocket in 2025

In a market known for rapid moves and unpredictable trends, finding cryptocurrencies under $0.50 with…

April 25, 2025

Ripple XRP Price Prediction 2025, 2026-2030: Will XRP Reach $5?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 25, 2025

Binance CZ Urges Govt to Take a More Relaxed Approach to Crypto, Here’s Why!

After running the biggest crypto exchange in the world, Binance’s Changpeng Zhao (CZ), who has…

April 25, 2025