Freedx
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| Company type | Private |
|---|---|
| Industry | Cryptocurrency Exchange, Financial Services |
| Founded | 2023 |
Number of locations | El Salvador, United Arab Emirates, Armenia |
Key people | Jonathan Farnell (CEO), Anton Golub (CBO), Raks Sondhi (COO), Karim Emam (CSO), Roland Danielczyk (CRO) |
| Products | Spot trading, Leveraged futures, Margin trading, Custody of digital assets, Fiat on/off ramps, Card issuing, Institutional trading services |
| Services | Digital asset trading, API connectivity, KYC/AML compliance, Institutional-grade security |
Number of employees | 80 |
| Website | www |
Freedx is a centralized cryptocurrency exchange founded in 2023. The company is licensed as a Digital Asset Service Provider (DASP) and Bitcoin Service Provider in El Salvador.[1][2]
History
[edit]Freedx was founded in 2023.[3] The name "Freedx" is inspired by the economist and philosopher Friedrich Hayek, a proponent of free markets and decentralized economic systems, reflecting the company's ethos of a decentralized economy. The "x" stands for "exchange."[4]
In August 2024, the company was incorporated with a DASP license in El Salvador.[5][6][7][8]
In October 2024, Freedx received a BTC License from El Salvador’s Central Bank (BCR), authorizing the provision of services specifically related to Bitcoin, such as custody, exchange, digital wallet, and payment processing.[9]
On January 29, 2025, Freedx secured $50 million in funding to enhance its platform and expand globally.[10][11][12]
In March 2025, the company received a Digital Asset Service Provider (DASP) license from the National Commission of Digital Assets of El Salvador (CNAD), authorizing the provision of services with digital assets other than Bitcoin.[13]
On April 8, 2025, Freedx was granted another DASP license by the Comisión Nacional de Activos Digitales (CNAD).[14][15]
From April 8 to 10, Freedx attended Paris Blockchain Week 2025 at the Carrousel du Louvre. The company sponsored an exclusive VIP dinner at the Pyramide du Louvre and participated in panel discussions on the main stage.[16][17]
On April 29, 2025, Freedx sponsored and participated in the El Salvador Digital Assets Summit held at the Hilton Hotel in San Salvador.[18][19]
Operations
[edit]Freedx is a trading platform offering services such as spot and margin trading, leveraged futures, asset custody, fiat on/off ramps, card issuing, and institutional trading, with a focus on professional tools.[20][21] Freedx partners with technology and compliance providers such as Fireblocks, Alchemy Pay, Elliptic, and Sumsub.[22]
References
[edit]- ^ "Freedx Secures Key DASP License In El Salvador". MENAFN. Retrieved 2025-07-08.
- ^ "Freedx Receives DASP License to Operate in El Salvador". The Crypto Times. Retrieved 2025-07-08.
- ^ "Freedx". Fintech News Middle East. Retrieved 2025-07-08.
- ^ "Freedx". Fintech News Middle East. Retrieved 2025-07-08.
- ^ "Freedx Secures Key DASP License In El Salvador". Decrypt. Retrieved 2025-07-08.
- ^ "Freedx Boosts Crypto Compliance in El Salvador". AINvest. Retrieved 2025-07-08.
- ^ "Registro Oficial de DASP". BCR El Salvador. Retrieved 2025-07-08.
- ^ "Registro CNAD". CNAD. Retrieved 2025-07-08.
- ^ "Registro Oficial de BTC License". BCR El Salvador. Retrieved 2025-07-08.
- ^ "Freedx Secures $50M in Funding to Transform Crypto Trading". Cointelegraph. Retrieved 2025-07-08.
- ^ "Freedx Exchange Raises $50M to Simplify Crypto Trading". ICOholder. Retrieved 2025-07-08.
- ^ "Freedx Raises $50 Million". Lara on the Block. Retrieved 2025-07-08.
- ^ "CNAD Public Registry". CNAD. Retrieved 2025-07-08.
- ^ "Freedx Secures Key DASP License in El Salvador". Decrypt. Retrieved 2025-07-08.
- ^ "Freedx Secures Key License". Chainwire. Retrieved 2025-07-08.
- ^ "Paris Blockchain Week 2025". Paris Blockchain Week. Retrieved 2025-07-08.
- ^ "PBW 2025 Recap". Incrypted. Retrieved 2025-07-08.
- ^ "El Salvador Digital Assets Summit". CNAD. Retrieved 2025-07-08.
- ^ "Freedx Sponsors Summit". Chainwire. Retrieved 2025-07-08.
- ^ "Freedx Secures Key License in El Salvador". CoinJournal. Retrieved 2025-07-08.
- ^ "Currencies News". Business Insider Markets. Retrieved 2025-07-08.
- ^ "PBW 2025 Company Profiles". Incrypted. Retrieved 2025-07-08.