#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. The license will allow Bullish to expand its services across the European Economic Area under the framework of the Markets in Crypto-Assets Regulation (MiCA), which comes into effect on December 30, 2024. Bullish has also appointed Marco Bodewein as Managing Director of Bullish DE and has begun trading after integrating with BaFin-authorized crypto trading institution tradias. 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, a 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 key step in Bullish's expansion into the European market, with plans to leverage the upcoming Markets in Crypto-Assets (MiCA) framework to expand its services in the European Economic Area. Marco Bodewein, Managing Director of Bullish DE, brings extensive experience in crypto and financial services and will lead the company 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 not only demonstrates Bullish's compliance with Germany's stringent regulatory standards but also lays a solid foundation for its growth in the European market.
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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 DE has obtained licenses for crypto asset custody, proprietary trading and prime brokerage, and has already integrated with tradias, a BaFin-authorized crypto trading institution.
Bullish DE will actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services.