Bitfinex, a MAJOR player in the cryptocurrency exchange market, has transitioned its derivatives services to El Salvador. This move comes after the company secured a Digital Asset Service Provider (DASP) license. The new operational jurisdiction requires customers to agree to updated service terms to continue trading.

Through this strategic relocation, Bitfinex aims to bolster El Salvador’s reputation as a pivotal digital asset financial center. The company is dedicated to advancing trading solutions, particularly targeting underserved regions in Latin America, emphasizing innovation and inclusivity in the crypto market.