Odaily Planet Daily News Recently, the National Digital Asset Commission of El Salvador (CNAD) granted Bitget a Digital Asset Service Provider (DASP) license. After obtaining the Bitcoin Service Provider (BSP) license in 2024, Bitget's local compliance layout has been further expanded, and it has become the world's third mainstream crypto exchange to obtain dual licenses after Binance and Bitfinex.
Obtaining the dual licenses of DASP and BSP means that Bitget can legally carry out one-stop digital asset services such as spot and derivatives trading, staking, and income products in El Salvador. At the same time, the new license also covers infrastructure products such as crypto savings and investments, further enhancing the convenience and asset security of users participating in Web3.
Hon Ng, Chief Legal Officer of Bitget, said: "We are always committed to expanding our business in countries with clear regulatory frameworks and providing quality services to our users. This recognition by CNAD is an important step in Bitget's global compliance strategy. El Salvador is forward-looking and transparent in digital asset regulation, which is very attractive to Web3 companies that are developing in compliance. In the future, we will continue to support markets with clear regulatory systems and promote the steady development of the crypto economy."