BTSE Exchange Pte Ltd, operating as BTSE Bhutan, said it has received a financial services license from the Gelephu Financial Services Office, the financial regulator in Bhutan’s Gelephu Mindfulness City Special Administrative Region. The license allows the company to run a virtual asset multilateral trading facility and offer institutional-grade custody services.
BTSE Bhutan said it expects to begin onboarding users in the coming weeks. At launch, the platform plans to list BTC/USDT and ETH/USDT spot trading pairs, with additional cryptocurrency pairs to be added later. Fiat on- and off-ramp services are scheduled for a later phase.
BTSE Bhutan CEO Yew Chong Quak said the license marks an important milestone in the company’s plan to roll out a global retail trading platform. He added that the business will start with Bitcoin and Ether trading services before expanding its product lineup over time. The update was reported by BeInCrypto and carried by Techub News.
BTSE Exchange Pte Ltd, operating as BTSE Bhutan, said it has obtained a financial services license from the Gelephu Financial Services Office, the financial regulator in Bhutan’s Gelephu Mindfulness City Special Administrative Region.
The license permits BTSE Bhutan to operate a virtual asset multilateral trading facility and provide institutional-grade custody services.
User onboarding set to begin in the coming weeks
BTSE Bhutan said it will begin accepting users in the coming weeks. The initial rollout will include BTC/USDT and ETH/USDT spot trading pairs, with more cryptocurrency pairs to be introduced later.
Fiat deposit and withdrawal services are planned for a later stage.
Company calls the approval a key milestone
BTSE Bhutan CEO Yew Chong Quak said receiving the financial services license is an important milestone in the company’s plan to launch a global retail trading platform. He said the company will start by offering Bitcoin and Ether trading services and then expand its product offering step by step.
The development was reported by BeInCrypto and published by Techub News.
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