#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 EEA. The company has appointed Marco Bodewein as Managing Director of Bullish DE and has integrated with BaFin-licensed crypto trading institution tradias to begin 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, a cryptocurrency exchange, recently announced that its German subsidiary, Bullish DE Custody GmbH, has received a license from the German Federal Financial Supervisory Authority (BaFin) for cryptocurrency custody, proprietary trading, and prime brokerage services. This marks Bullish's official authorization to operate cryptocurrency businesses in Germany, and the company 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 DE has appointed Marco Bodewein as Managing Director, who brings extensive experience in cryptocurrency and financial services. He will lead the team in actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services. Notably, tradias, a BaFin-authorized cryptocurrency trading institution, has completed integration with Bullish DE and commenced trading, further strengthening Bullish's competitiveness in the European market. Obtaining this German license is a significant step in Bullish's global expansion and reflects its optimistic outlook on the future of the European cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bullish obtains BaFin license in Germany, marking a significant step in its European market expansion.
Bullish will leverage the MiCA regulatory framework to expand its services in the European Economic Area, providing secure and compliant digital asset trading services.
Bullish DE has obtained licenses for crypto asset custody, proprietary trading and prime brokerage, and has already integrated with tradias, a BaFin-authorized crypto trading institution.
Bullish DE is actively attracting professional and institutional investors in Germany, providing them with secure and compliant digital asset trading services.