Freedx

Freedx

Company type	Private
Industry	Cryptocurrency Exchange, Financial Services
Founded	2023
Headquarters	El Salvador
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.com

Freedx is a centralized cryptocurrency exchange founded in 2023. ^[1] The company is licensed as a Digital Asset Service Provider (DASP) and Bitcoin Service Provider in El Salvador. ^{[2] [3]}

History

Freedx was founded in 2023. ^[4] The name "Freedx" was inspired by the economist and philosopher Friedrich Hayek, a proponent of free markets and decentralized economic systems. The "x" stands for "exchange". ^[5]

The company was incorporated in August 2024. ^{[6] [7] [8] [9]}

In October 2024, Freedx received a BTC License from Central Reserve Bank of El Salvador (BCR), authorizing the provision of services specifically related to Bitcoin, such as custody, exchange, digital wallet, and payment processing. ^[10]

On 29 January 2025, Freedx secured $50 million in funding to enhance its platform and expand globally. ^{[11] [12] [13]}

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. ^[14]

On 11 March 2025, Freedx was granted a DASP license by the Comisión Nacional de Activos Digitales (CNAD). ^{[15] [16]}

From 8 to 10 April 2025, 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. ^{[17] [18]}

On 29 April 2025, Freedx sponsored and participated in the El Salvador Digital Assets Summit held at the Hilton Hotel in San Salvador. ^{[19] [20]}

Operations

Freedx provides cryptocurrency trading services including spot and margin trading, leveraged futures, asset custody, fiat on/off ramps, card issuing, and institutional services. ^{[21] [22]} The exchange partners with technology and compliance providers such as Fireblocks, Alchemy Pay, Elliptic, and Sumsub. ^[23]

References

1. "Red-Hot World of Stablecoins Still Has Plenty to Prove". Bloomberg.com. Archived from the original on 25 August 2025. Retrieved 20 October 2025.
2. "Freedx Secures Key DASP License In El Salvador". MENAFN. Retrieved 8 July 2025.
3. "Freedx Receives DASP License to Operate in El Salvador". The Crypto Times. 9 April 2025. Retrieved 8 July 2025.
4. "Freedx". Fintech News Middle East. 11 March 2025. Retrieved 8 July 2025.
5. "Freedx". Fintech News Middle East. 11 March 2025. Retrieved 8 July 2025.
6. "Freedx Secures Key DASP License In El Salvador". Decrypt. 8 April 2025. Retrieved 8 July 2025.
7. "Freedx Boosts Crypto Compliance in El Salvador". AINvest. Retrieved 8 July 2025.
8. "Registro Oficial de DASP". BCR El Salvador. Retrieved 8 July 2025.
9. "Registro CNAD". CNAD. Retrieved 8 July 2025.
10. "Registro Oficial de BTC License". BCR El Salvador. Retrieved 8 July 2025.
11. "Freedx Secures $50M in Funding to Transform Crypto Trading". Cointelegraph. 29 January 2025. Retrieved 8 July 2025.
12. "Freedx Exchange Raises $50M to Simplify Crypto Trading". ICOholder. Retrieved 8 July 2025.
13. "Freedx Raises $50 Million". Lara on the Block. 30 January 2025. Retrieved 8 July 2025.
14. "CNAD Public Registry". CNAD. Retrieved 8 July 2025.
15. "Freedx Secures Key DASP License in El Salvador". Decrypt. 8 April 2025. Retrieved 8 July 2025.
16. "Freedx Secures Key License". Chainwire. 8 April 2025. Retrieved 8 July 2025.
17. "Paris Blockchain Week 2025". Paris Blockchain Week. Retrieved 8 July 2025.
18. "PBW 2025 Recap". Incrypted. 24 April 2025. Retrieved 8 July 2025.
19. "El Salvador Digital Assets Summit". CNAD. 30 April 2025. Retrieved 8 July 2025.
20. "Freedx Sponsors Summit". Chainwire. 8 April 2025. Retrieved 8 July 2025.
21. "Freedx Secures Key License in El Salvador". CoinJournal. 8 April 2025. Retrieved 8 July 2025.
22. "Currencies News". Business Insider Markets. Retrieved 8 July 2025.
23. "PBW 2025 Company Profiles". Incrypted. 24 April 2025. Retrieved 8 July 2025.

External links

• Official website