Bitfinex Securities Starts Operations in El Salvador

Bitfinex Securities has become the first licensed provider to offer digital asset services in El Salvador, making it an important market for the platform.

With Bitcoin being adopted as legal tender and the country promoting a Bitcoin-based economy, Bitfinex Securities sees great potential for global investment flows through their pipeline of potential tokenized financial asset issuances.

According to Bitfinex Securities CTO Paolo Ardoino, this is a significant development for the platform and for El Salvador.

Bitfinex Securities Head of Operations Jesse Knutson believes that the launch is happening at the right time, as there is a high demand for regulated digital asset investment vehicles, particularly after the successful launch of US spot Bitcoin exchange-traded funds.

El Salvador, which made headlines in 2021 by giving Bitcoin legal tender status, has also collaborated with stablecoin issuer Tether to launch the “Adopting El Salvador Freedom Visa” program.