#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. This will enable Bullish to expand its services across 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 the MiCA framework to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. Additionally, tradias, a BaFin-authorized crypto trading institution, has integrated with Bullish DE and commenced trading.
Ace Hot Topic Analysis
Analysis
Bullish, the encrypted 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 Bullish's ability to expand its services in the European Economic Area and plans to further expand its business based on the framework of the Markets in Crypto-Assets Regulation (MiCA), which will come into effect on December 30, 2024. Marco Bodewein, Managing Director of Bullish DE, has extensive experience in crypto and financial services and will lead the team to actively attract professional and institutional investors in Germany, providing safe and compliant digital asset trading services. It is worth noting that tradias, a BaFin-authorized crypto trading institution, has completed the connection with Bullish DE and started trading, which will further enhance Bullish's competitiveness in the European market.
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Public Sentiment
Discussion Word Cloud
Classic Views
Bullish obtains BaFin license in Germany, expanding its services in the European Economic Area
Bullish will leverage the MiCA regulatory framework to provide compliant digital asset trading services
Bullish DE has obtained licenses for crypto asset custody, proprietary trading and prime brokerage
Bullish DE is actively attracting professional and institutional investors in Germany