#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, 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 a significant step for Bullish in the European market, allowing it to expand its services across the European Economic Area under the upcoming Markets in Crypto-Assets (MiCA) framework. Bullish plans to attract professional and institutional investors in Germany by providing secure and compliant digital asset trading services. Notably, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading, further strengthening Bullish's competitive position in the European market. This move by Bullish indicates that as the regulatory landscape matures, more crypto exchanges are seeking compliant growth and actively expanding into the European market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bullish obtains BaFin license in Germany, marking a significant step in its European market expansion.
Bullish will leverage the MiCA regulatory framework to expand its services in the European Economic Area, providing secure and compliant digital asset trading services.
Bullish acquired tradias, a BaFin-licensed crypto trading firm in Germany, further strengthening its presence in Europe.
Bullish will focus on attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services.