#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 MiCA regulatory framework. Bullish has appointed Marco Bodewein as Managing Director of Bullish DE and has begun trading after integrating with BaFin-licensed 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, the crypto exchange, has 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 will enable 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 plans to leverage the MiCA framework to provide secure and compliant digital asset trading services to professional and institutional investors in Germany. To achieve this, Bullish has appointed Marco Bodewein, who has extensive experience in crypto and financial services, as Managing Director of Bullish DE. The company has also partnered with BaFin-licensed crypto trading firm tradias, which has joined Bullish and begun executing trades. This move demonstrates Bullish's commitment to growth in the European market and lays a solid foundation for its expansion in Europe.
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 provide secure and compliant digital asset trading services.
Bullish acquired tradias, a BaFin-licensed crypto trading institution in Germany, further enhancing its competitiveness in the European market.
Bullish will actively attract professional and institutional investors in Germany to provide them with digital asset trading services.