Bitget, the cryptocurrency exchange and Web3 company, has secured a Digital Asset Service Provider (DASP) licence from El Salvador’s National Commission of Digital Assets (CNAD), expanding its regulatory framework within the country.
Shortly after it acquired its Bitcoin Services Provider (BSP) license in 2024; Bitget can now offer a broad range of digital asset services within El Salvador.
Its new DASP licence 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.
“Our focus at Bitget is to enter countries with a regulated framework for crypto and provide our best services as we expand on our global regulatory strategy,” said Hon Ng, chief legal officer at Bitget. “We are thrilled to be able to offer an array of products through this license, and we are honored by the trust of El Salvador’s National Commission of Digital Assets.
“El Salvador has been ahead of many with its progressive and transparent approach to Bitcoin and digital asset regulation, making it an attractive jurisdiction for good quality Web3 companies aiming to operate responsibly at scale. Bitget will continue to support jurisdictions that offer clear frameworks and support the development of a secure, efficient crypto economy.”
El Salvador remains 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.
Market maturing in El Salvador
El Salvador’s regulatory environment has gained attention for attracting global crypto firms. Popular crypto entities have already relocated strategic operations to the country. Bitget’s licensing strategy aligns with this emerging shift and enables the platform to deliver its services without any disruption. This structure enables the platform to meet demand across both retail and institutional markets with greater legal and operational agility.
The development reflects ongoing trends in jurisdictional competition among nations seeking to attract digital asset innovation. El Salvador’s CNAD has become increasingly active in evaluating and approving service providers, signaling broader regulatory maturity in the region.
As firms navigate evolving global standards, Bitget’s licences aim to provide a bridge for cross-border growth and the ability to offer compliant financial products to its users worldwide.
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