Catenaa, Wednesday, April 23, 2025-Crypto exchange Freedx has been granted a Digital Asset Service Provider (DASP) license by El Salvador’s Comisión Nacional de Activos Digitales, marking a pivotal step in its bid to become a trusted and compliant digital trading platform.
The license, issued April 8, affirms Freedx’s adherence to El Salvador’s stringent regulatory standards and places the platform among a select few approved to legally operate within the country’s digital asset ecosystem. El Salvador, which became the first nation to recognize Bitcoin as legal tender in 2021, has since emerged as a global hub for crypto innovation.
Freedx joins the ranks of exchanges like Binance and Tether operating under the country’s 2023 Digital Assets Law. CNAD President Juan Carlos Reyes praised the exchange’s readiness, calling the team “professional and well-prepared.”
Founded by veterans from Binance, Deutsche Bank, and eToro, Freedx plans to expand its global footprint.
The firm will participate in Paris Blockchain Week and the El Salvador Digital Asset Summit later this month to showcase its platform.
Freedx’s entry into El Salvador’s regulated crypto market signals continued growth in the country’s blockchain sector and highlights its pro-innovation stance as a model for crypto governance worldwide.
