#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 services. This enables Bullish to expand its services across the European Economic Area under the MiCA regulatory framework. Bullish plans to leverage the MiCA framework, which comes into effect on December 30, 2024, to expand its services in the European Economic Area. The company has appointed Marco Bodewein as Managing Director of Bullish DE, who brings extensive experience in crypto and financial services. Additionally, BaFin-authorized crypto trading institution tradias has completed integration 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.
Ace Hot Topic Analysis
Analysis
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 services. This marks a significant step for Bullish in the European market, allowing it to expand its services in the European Economic Area under the framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024. Bullish plans to leverage this license to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. Additionally, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading, further strengthening Bullish's presence in the German market. Bullish's German subsidiary is led by Marco Bodewein, who brings extensive experience in crypto and financial services, having held key positions at futurum bank AG and Bitcoin Group SE. This licensing signifies Bullish's commitment to establishing a compliant and sustainable business in the European market, laying a solid foundation for its expansion across Europe.
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Public Sentiment
Discussion Word Cloud
Classic Views
Bullish obtains BaFin license in Germany, marking a significant step in its European market expansion.
The license will allow Bullish to expand its services across the European Economic Area under the MiCA regulatory framework.
Bullish plans to leverage the MiCA framework to attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services.
Bullish DE has completed integration with tradias, a BaFin-authorized crypto trading institution, and has begun trading.