#Bullish receives German license#

Bullish, the encrypted 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 means that Bullish will be granted a license for compliant crypto asset trading and custody services in Germany, and plans to expand its services across the European Economic Area (EEA) under the framework of the Markets in Crypto-Assets Regulation (MiCA), which will come into effect on December 30, 2024. To better serve the German market, Bullish has appointed Marco Bodewein as Managing Director of Bullish DE, who has extensive experience in crypto and financial services. In addition, tradias, a BaFin-authorized crypto trading institution, has completed integration with Bullish DE and has begun trading. Bullish DE will actively attract professional and institutional investors in Germany, providing secure and compliant digital asset trading services.