Bitget License:- Crypto exchange Bitget has officially secured a Digital Asset Service Provider (DASP) license in El Salvador, following a green light from the country’s Central Bank, the Banco Central de Reserva (BCR) and the National Commission of Digital Assets (CNAD).
The approval will allow Bitget to legally operate and offer crypto-related services in the world’s first country to adopt Bitcoin as legal tender – El Salvador.
The license acquisition will also help Bitget in strengthening its presence in Latin America — a region rapidly emerging as a hotbed for crypto innovation and adoption. El Salvador, in particular, has positioned itself as a pioneering force in the digital assets space since its historic move to legalize Bitcoin in 2021.
What DASP License Means for Bitget
The DASP license enables Bitget to provide services such as crypto custody, exchange operations, wallet infrastructure, and digital asset trading within El Salvador’s regulated digital asset ecosystem.
It was formalized under the Digital Assets Issuance Law, passed in January 2023. It created a legal framework to regulate, issue, and market digital assets—including both cryptocurrencies and tokenized securities.
What it Means for Country’s users
According to Chainalysis, crypto adoption in Latin America surged by over 40% year-on-year in 2024, with El Salvador ranking among the region’s top markets for Bitcoin transactions and digital asset innovation.
For El Salvador, the entry of another major exchange like Bitget could help further its ambition to become a regional crypto hub.
According to the Chainalysis 2024 Geography of Cryptocurrency Report, Latin America accounted for 9.1% of global cryptocurrency value received between July 2023 and June 2024, with countries like Argentina and Brazil leading in transaction volumes.
Bitget, which launched in 2018 and currently boasts over 25 million users globally, has steadily grown its presence through strategic investments, celebrity endorsements, and product diversification — including copy trading and AI-powered investment tools.
With the new license, the platform will also roll out localized services tailored to Salvadoran users, including educational initiatives to promote crypto literacy.
Next Expansion?
Bitget’s regulatory approval in El Salvador follows a series of similar initiatives worldwide. In recent months, the Seychelles-based exchange has been actively pursuing licenses and partnerships in jurisdictions such as Hong Kong, Lithuania, and the United Arab Emirates.
Bitget recently also partnered with Cryptorefills to boost crypto travel.
And now this latest approval further bolsters Bitget’s commitment to compliance amid global regulatory landscape that is growing more complex.
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