Freedx Obtains DASP License in El Salvador, Marking a New Step in Globalization
Freedx, the next-generation cryptocurrency trading platform headquartered in Dubai, has been officially granted a Digital Asset Service Provider (DASP) license by the National Digital Asset Commission of El Salvador (CNAD), solidifying its position as a trusted and compliant exchange in the global Web3 ecosystem.
The DASP license is one of the most stringent in El Salvador, a country that has been at the forefront of legalizing and developing infrastructure for cryptocurrencies since 2021 – when Bitcoin was recognized as a legal means of payment. In particular, the enactment of the Digital Assets Law in 2023 has turned the Central American country into an attractive hub for blockchain and crypto businesses, attracting big names such as Binance and Tether.
“We are impressed by the professionalism and determination of Freedx. They are exactly the type of businesses we want to accompany through the DASP license,” commented Juan Carlos Reyes, President of CNAD.
Freedx is now among a group of international exchanges licensed to operate legally in El Salvador, allowing them to provide services in a clear and transparent legal environment. With this license, users can rest assured that their digital assets are managed safely, fully compliant, and under the supervision of the government.
This event is also an important stepping stone for Freedx to increase its global presence. The company is currently attending two major blockchain conferences: Paris Blockchain Week (PBW) – where it sponsored a VIP area at the Louvre and spoke on the main stage, and the El Salvador Digital Asset Summit – where Freedx showcased its brand and expanded its network of partners.
“Being granted a license by CNAD to operate in El Salvador is a great honor for Freedx. The country is reshaping the world’s approach to digital assets – and we are proud to be a part of that journey,” said Jonathan Farnell, CEO of Freedx.
“This DASP license is a testament to our ongoing commitment to security, transparency, and innovation. We believe that operating within a strict regulatory framework not only protects users but also enhances trust in the market,” added Raks Sondhi, COO at Freedx.
About Freedx
Freedx is a next-generation centralized exchange designed to serve both beginners and professional traders. Founded by veterans from leading financial and crypto institutions such as Binance, Upbit, Deutsche Bank, and eToro, Freedx combines cutting-edge trading technology with an optimized user experience that puts transparency and performance first.
Freedx is committed to building a secure, accessible, and compliant platform, while expanding its reach to pioneering jurisdictions such as El Salvador.
Disclaimer:
Freedx, S.A. de C.V., operating under the Freedx brand, is a fully licensed cryptocurrency exchange in El Salvador. The platform is only available to users who voluntarily register and fully comply with relevant legal regulations. All users are required to complete identity verification (KYC) before being granted access to the exchange's services.