#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 European Economic Area. The company has appointed Marco Bodewein as Managing Director of Bullish DE, who brings extensive experience in crypto and financial services. Additionally, BaFin-authorized crypto trading institution tradias has completed integration with Bullish DE and commenced 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 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 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. Bullish DE will be led by Marco Bodewein, who has extensive experience in crypto and financial services, having previously worked at futurum bank AG and Bitcoin Group SE. In addition, tradias, a BaFin-authorized crypto trading institution, has completed integration with Bullish DE and started trading. Bullish DE will actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services. This licensing demonstrates Bullish's commitment to developing in the European market and providing compliant digital asset trading services to institutional investors.
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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
Following the license, Bullish will operate under the MiCA regulatory framework
Bullish will provide crypto asset custody, proprietary trading and prime brokerage services through its German subsidiary Bullish DE Custody GmbH
Bullish will actively attract professional and institutional investors in Germany