Freedx’s Acquisition of a DASP License
San Salvador, El Salvador – April 8, 2025 – Freedx, a cryptocurrency exchange catering to both novices and seasoned traders, has recently acquired a Digital Asset Service Provider (DASP) license from the country’s Comisión Nacional de Activos Digitales (CNAD). This achievement underscores Freedx’s commitment to establishing itself as a reliable and compliant player within the burgeoning crypto sector.
El Salvador’s Crypto Initiatives
The journey towards this licensure highlights El Salvador’s pro-crypto initiatives, which gained global attention in 2021 when the nation became the first to embrace Bitcoin as legal tender. Further solidifying its status as a digital asset leader, El Salvador enacted its Digital Assets Law in 2023, attracting major crypto entities such as Tether and Binance.
Commendations and Impact
“We are truly impressed by the professionalism and preparation demonstrated by the Freedx team. Their readiness to launch a successful company is exactly what we are looking for in companies obtaining the DASP license.” – Juan Carlos Reyes, President of CNAD
With its DASP license in hand, Freedx joins a small group of firms recognized for meeting the strict compliance requirements set forth by the Salvadoran government, making it a game-changer in the local market. This license assures users of enhanced security, increased regulatory oversight, and transparency in trades and investments, thereby allowing for a more confident trading experience.
Global Aspirations and Upcoming Events
In line with its ambition to expand globally, Freedx is set to participate in notable conferences including the Paris Blockchain Week and the El Salvador Digital Asset Summit. At the Paris event, the company will host a special VIP dinner at The Louvre and engage in discussions on a prominent panel. At the Digital Asset Summit, Freedx aims to showcase its brand more broadly.
“This achievement speaks volumes about the hard work of the Freedx team to offer a compliant and transparent experience for our users.” – Jonathan Farnell, CEO of Freedx
“This license not only safeguards user funds but also instills confidence that their assets are managed securely and in full compliance with legal requirements.” – Raks Sondhi, COO of Freedx
Freedx’s operational strategy aims to meet the highest standards in terms of asset listings and user deposit management, all while adhering to El Salvador’s stringent regulatory framework.
About Freedx
Freedx differentiates itself as a state-of-the-art cryptocurrency exchange created by a collective of industry experts from leading financial organizations including Binance and Deutsche Bank. With a focus on providing an intuitive trading experience, Freedx aims to empower users at all levels to navigate the fast-paced digital asset marketplace with confidence.
Contact Information
For those interested in keeping up with the latest on Freedx, detailed information is available through their various online platforms.
Disclaimer: Freedx, S.A. de C.V. operates under licensed regulations in El Salvador, ensuring full compliance with applicable laws. Services are only available to individuals who voluntarily sign up, and the exchange does not engage in the solicitation of users from regions requiring regulatory approval. All users must complete onboarding including KYC verification before gaining access to the platform’s features, which may be subject to jurisdictional restrictions.
For further inquiries, you can reach Rahil Bhagat, Head of Marketing at Freedx via email: [email protected]
