#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 upcoming MiCA regulatory framework. Bullish has also appointed Marco Bodewein as Managing Director of Bullish DE and has begun trading after integrating with BaFin-licensed crypto trading firm tradias. Bullish DE plans to actively attract 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 means that Bullish will be able to expand its services across the European Economic Area under the upcoming Markets in Crypto-Assets Regulation (MiCA) framework. Bullish plans to leverage the MiCA framework to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. To better serve the German market, Bullish has appointed Marco Bodewein, who has extensive experience in crypto and financial services, as Managing Director of Bullish DE. Additionally, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading, further strengthening Bullish's capabilities in Germany. This German license is a significant step in Bullish's European expansion and demonstrates the German regulator's recognition and support for the crypto asset industry.
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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 allows Bullish to offer crypto asset trading and custody services under the MiCA regulatory framework and expand its operations across the European Economic Area.
Bullish will leverage its German subsidiary Bullish DE Custody GmbH to provide secure and compliant digital asset trading services, attracting professional and institutional investors in Germany.
Bullish has integrated with tradias, a BaFin-licensed crypto trading institution, and commenced trading, further strengthening its competitive position in the German market.