#Bullish receives German license#
Hot Topic Overview
Overview
Bullish, the 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. The license will allow Bullish to expand its services in the European Economic Area and plans to operate under the framework of the Markets in Crypto-Assets Regulation (MiCA), which will come into effect on December 30, 2024. Bullish has appointed Marco Bodewein as Managing Director of Bullish DE and has completed integration with BaFin-authorized crypto trading institution tradias, enabling trading to commence. Bullish DE will 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 marks a significant step in Bullish's expansion into the European market, and the company plans to leverage the framework of the Markets in Crypto-Assets Regulation (MiCA), which will come into effect on December 30, 2024, to expand its services across the European Economic Area. Bullish DE has appointed Marco Bodewein as Managing Director, who brings extensive experience in crypto and financial services, and will lead the team in actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services. Additionally, BaFin-authorized crypto trading institution tradias has completed integration with Bullish DE and commenced trading, further strengthening Bullish's competitiveness in the German market. This licensing signifies Bullish's commitment to adhering to European regulatory requirements and lays a solid foundation for its business development in Europe.
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Public Sentiment
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Classic Views
Bullish has received a crypto asset trading and custody license from Germany's BaFin, enabling it to expand its services across the European Economic Area under the MiCA regulatory framework.
Bullish plans to leverage the Markets in Crypto-Assets Regulation (MiCA) framework, which comes into effect on December 30, 2024, to expand its services in the European Economic Area.
Bullish DE is actively attracting professional and institutional investors in Germany, offering secure and compliant digital asset trading services.
BaFin-authorized crypto trading institution tradias has completed integration with Bullish DE and commenced trading.