#Bullish receives German license#
Hot Topic Overview
Overview
Crypto exchange Bullish 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 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 has appointed Marco Bodewein as Managing Director of Bullish DE and has begun trading by integrating with BaFin-licensed crypto trading institution tradias. Bullish DE will actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services.
Ace Hot Topic Analysis
Analysis
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. Notably, Bullish DE has already integrated with BaFin-licensed crypto trading institution tradias and commenced trading. Bullish plans to leverage the MiCA framework to actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services. This licensing marks a significant step for Bullish in the European market and demonstrates the recognition and support of European regulators for the crypto asset industry.
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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 expand its services across the European Economic Area
Bullish DE Custody GmbH has received licenses for crypto asset custody, proprietary trading and prime brokerage
Bullish DE is actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services