news 
Title: Bitget crypto exchange secures regulatory approval in El Salvador, Bitget token pumps sharply
December 16, 2024 – In a major breakthrough, Bitget Crypto Exchange has secured regulatory approval from the central bank of El Salvador to provide cryptocurrency trading services in the country. This significant milestone has sent shockwaves through the market, with the exchange’s native token ($BGB) surging by a whopping 9.7% within an hour.
El Salvador has been at the forefront of embracing Bitcoin as a legal currency, and this approval marks another significant step towards the growth of the digital asset ecosystem in the country. The approval allows Bitget to provide Bitcoin-Fiat conversion services, enabling users to buy or sell Bitcoin for fiat currencies like US dollars.
As part of its long-term strategy, Bitget is also applying for a Digital Asset Service Provider license from the National Commission of Digital Assets of El Salvador. This move underscores the company’s commitment to establishing a strong presence in the region and providing innovative crypto services.
Interestingly, the approval comes as a significant boost to the exchange’s native token ($BGB), which has seen an unprecedented surge in value following this news. The price of the token rose sharply by 9.7% within just one hour, further cementing Bitget’s position as a leading player in the digital asset market.
This regulatory approval marks another milestone for Bitget, and it will surely be watched closely by the wider crypto community.
Source: bitcoinik.com
