#Bullish receives German license#

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 framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024. Bullish plans to leverage the MiCA regulatory framework to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. To achieve this, Bullish has appointed Marco Bodewein as Managing Director of Bullish DE, who brings extensive experience in crypto and financial services, having held key positions at futurum bank AG and Bitcoin Group SE. Additionally, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading. Bullish's German license approval marks a significant step in its European market expansion and signifies a gradual shift in the attitude of European regulators towards the crypto industry, providing a more favorable regulatory environment for crypto businesses.