#Bullish receives German license#

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 means Bullish can operate legally in Germany and plans to expand its services across the European Economic Area (EEA) under the framework of the Markets in Crypto-Assets Regulation (MiCA), which will come into effect on December 30, 2024. Bullish has also appointed Marco Bodewein as Managing Director of Bullish DE. He has 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. In addition, tradias, a BaFin-authorized crypto trading institution, has completed integration with Bullish DE and started trading, further strengthening Bullish's competitiveness in the German market. This licensing marks a significant step for Bullish in the European market and indicates that German regulators are gradually becoming more open to the crypto industry.