Bitfinex Derivatives Moves to El Salvador After Receiving License

Bitfinex, a cryptocurrency exchange, has recently moved its derivatives services division to El Salvador, transitioning customers to a new jurisdiction after receiving a Digital Asset Service Provider (DASP) license. Bitfinex Derivatives El Salvador S.A. de C.V., a Salvadoran local entity, will now provide these services. Customers must approve a new set of service terms to continue using these tools. The company highlighted the relevance of this move, stating that it supported El Salvador as a “key digital asset financial centre.” “This move strengthens our mission to deliver innovative trading solutions, especially to underserved regions in Latin America,” Bitfinex’s statement concluded.