#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. This marks Bullish's official authorization to operate crypto asset businesses in Germany. The company plans to leverage the upcoming Markets in Crypto-Assets (MiCA) framework to expand its services across the European Economic Area. Bullish DE has appointed Marco Bodewein as Managing Director. He brings 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. Additionally, BaFin-authorized crypto trading institution tradias has integrated with Bullish DE and commenced trading, further strengthening Bullish's competitiveness in the German market. This licensing achievement is a significant milestone in Bullish's European market development and reflects the German regulatory body's recognition and support for the crypto asset industry.