#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 marks Bullish's official authorization to operate crypto asset businesses in Germany and plans to expand its services across the European Economic Area 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 crypto and financial services, to lead the team in actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services. Additionally, BaFin-authorized crypto trading institution tradias has completed integration with Bullish DE and commenced trading, further strengthening Bullish's competitiveness in the German market. Obtaining this German license marks a significant step for Bullish in the European market and demonstrates its confidence in the development of the European crypto market.