On Feb, 2025, the digital asset trading platform BitDA officially obtained the Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN) under the Department of the Treasury. This marks a significant milestone in BitDA’s journey towards compliant global operations and establishes the exchange among the top-tier digital asset platforms worldwide.
The MSB license is one of the most recognized and authoritative licenses for cryptocurrency exchanges globally. It is regulated and issued by FinCEN and is required for businesses involved in money services, including digital currency and foreign exchange. The approval process is known for its rigor, with leading global exchanges such as Coinbase, Binance, and OKX also holding this license.
Accelerating Globalization Through Compliance
Founded in 2023, BitDA is a global digital asset trading platform that leverages its independently developed matching engine and seamless user experience to provide a secure, efficient, and stable environment for global crypto users. BitDA has always embraced a compliance-first, global expansion strategy. The successful acquisition of the U.S. MSB license marks an important step in that journey.
In addition to the U.S. license, BitDA is actively pursuing regulatory approvals in other jurisdictions, with full-scale compliance operations underway across key global markets. Given the MSB license’s high credibility, it is expected to serve as a “passport” for entry into other regulated markets, paving the way for BitDA to accelerate its international growth and product reach.
CEO Ola Lind commented:
“Securing the MSB license is not only a strong endorsement of our commitment to compliance and security, but also a major milestone in our global strategy. At BitDA, we live by the belief that ‘your ambition is our mission’ — and we will continue to deliver a secure and high-performance trading experience for users around the world.”
Since inception, BitDA has placed user asset safety and regulatory compliance at the heart of its operations. Entering the U.S. market through a fully compliant route demonstrates BitDA’s operational strength and credibility, laying a solid foundation for rapid and sustainable business development. As the crypto industry matures, licensing will become the new norm — and those who embrace compliance early will lead the next wave of growth.
About BitDA
BitDA is a global digital asset trading platform established in 2023 in Singapore, supported by top-tier blockchain institutions. BitDA provides secure, efficient, and user-friendly crypto services including spot trading, futures, and copy trading, tailored to meet the diversified needs of users.
The exchange has already obtained the U.S. MSB license and holds over $100 million in user protection reserves. Its core team consists of veterans from world-leading fintech companies and exchanges, with over 10 years of experience in the blockchain space. With an international operational structure spanning Singapore, Japan, and South Korea, BitDA is committed to building a truly global platform.
BitDA believes that the future of crypto lies in deep integration with traditional financial markets, and aims to build a more fair, transparent, and accessible global financial ecosystem. Through continuous innovation and optimization, BitDA strives to become a trusted partner in digital finance, empowering users to grow their wealth and seize opportunities in the new economy.
For more information, please visit: www.Bitda.com
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