#Bullish receives German license#

Bullish, the crypto exchange, has 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 entry into the European market, and the company plans to expand its services in the European Economic Area (EEA) under 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 in actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services. Notably, tradias, a BaFin-authorized crypto trading institution, has already integrated with Bullish DE and commenced trading, further strengthening Bullish's competitiveness in the European market. Obtaining this German license marks another significant milestone in Bullish's global expansion and demonstrates the recognition and support of European regulators for the crypto asset industry.