#Bullish receives German license#
Hot Topic Overview
Overview
Digital asset exchange Bullish has announced that it has received a crypto asset trading and custody license from the German Federal Financial Supervisory Authority (BaFin), enabling the company to expand its services across the European Economic Area under the MiCA regulatory framework. Bullish's German subsidiary, Bullish DE Custody GmbH, has been granted a license by BaFin for crypto asset custody, proprietary trading, and prime brokerage services. The company plans to leverage the framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024, to expand its services in the European Economic Area. 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, enabling it to expand its services across the European Economic Area under the upcoming Markets in Crypto-Assets Regulation (MiCA) framework. Bullish plans to leverage the MiCA framework 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, who has extensive experience in crypto and financial services, as Managing Director of Bullish DE and has integrated with BaFin-licensed crypto trading firm tradias to begin trading. Obtaining this German license will help Bullish further solidify its position in the European market and provide more opportunities for its future development.
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 and actively attract professional and institutional investors in Germany.
Bullish accelerates its business operations in Germany through the acquisition of BaFin-licensed crypto trading firm tradias.
The license obtained by Bullish covers crypto asset custody, proprietary trading and prime brokerage services, providing it with comprehensive digital asset service capabilities.