Bitfinex Derivates says its decision to relocate to El Salvador will help turn the country into a “financial services center” for Latin America.
The derivatives arm of crypto exchange Bitfinex has secured a Digital Asset Service Providers (DASP) license to operate in El Salvador.
In a Jan. 7 statement shared with Cointelegraph, Bitfinex Derivatives said with the approval of the DASP license, it will relocate from Seychelles to the Central American nation.
“This critical transition represents a defining moment for Bitfinex Derivatives and highlights El Salvador’s rise as a global financial hub,” said Bitfinex Derivatives chief technology officer Paolo Ardoino.
