#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 a significant step for Bullish in the European market, allowing it to expand its services in the European Economic Area under the framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024. Bullish plans to leverage this license to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. To better serve the German market, Bullish has appointed Marco Bodewein as Managing Director of Bullish DE. He brings extensive experience in crypto and financial services, having held key positions at futurum bank AG and Bitcoin Group SE. Additionally, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading, further strengthening Bullish's presence in the German market.