#Bullish receives German license#
Hot Topic Overview
Overview
Digital asset exchange Bullish has announced that it has received a crypto asset trading and custody license from the German Federal Financial Supervisory Authority (BaFin), enabling the company to expand its services across the European Economic Area under the MiCA regulatory framework. Bullish's German subsidiary, Bullish DE Custody GmbH, has been granted a license by BaFin for crypto asset custody, proprietary trading, and prime brokerage services, and has already integrated with BaFin-licensed crypto trading institution tradias and commenced trading. Bullish plans to leverage the framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024, to expand its services in the European Economic Area and actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services.
Ace Hot Topic Analysis
Analysis
Bullish, a crypto exchange, announced that its German subsidiary, Bullish DE Custody GmbH, has received a license from the German Federal Financial Supervisory Authority (BaFin) for crypto asset custody, proprietary trading, and prime brokerage services. This license allows Bullish to expand its services across the European Economic Area under the MiCA regulatory framework. The company plans to further expand its business under the MiCA framework, which will come into effect on December 30, 2024. To better adapt to the German market, Bullish has appointed Marco Bodewein as Managing Director of Bullish DE. Bodewein has extensive experience in crypto and financial services, having held key positions at futurum bank AG and Bitcoin Group SE. Additionally, tradias, a BaFin-authorized crypto trading institution, has integrated with Bullish DE and commenced trading. Bullish DE is actively attracting professional and institutional investors in Germany, offering secure and compliant digital asset trading services.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bullish obtains BaFin license in Germany, expanding its services in the European Economic Area
Bullish will leverage the MiCA regulatory framework to provide compliant digital asset trading services in the European Economic Area
Bullish DE Custody GmbH has received licenses for crypto asset custody, proprietary trading and prime brokerage
Bullish DE is actively attracting professional and institutional investors in Germany