just now
Institutionally focused global digital asset platform Bullish has announced that its U.S. digital asset trading and custody business, Bullish US Operations LLC, has been granted a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).
The licence, officially defined as a 'Virtual Currency Business Activity License' by the NYDFS, allows Bullish to provide institutions and advanced traders in New York State with digital asset spot trading and custody services. The regulatory approval represents another step in the expansion of Bullish's global regulatory footprint.
New York is widely recognised for maintaining stringent virtual currency regulations, making the BitLicense a significant regulatory milestone for digital asset companies seeking to operate in the state. The licence requirement was established by the NYDFS to regulate virtual currency business activities and ensure consumer protection in the digital asset sector.
Bullish trades on the New York Stock Exchange under the ticker BLSH and operates as a global digital asset platform providing market infrastructure and information services. The company's services include Bullish Exchange, a regulated digital assets spot and derivatives exchange that operates in the United States, European Union, Hong Kong, and Gibraltar.
Tom Farley, CEO of Bullish
Tom Farley, CEO of Bullish, said:
"New York is widely recognized as being at the forefront of virtual currency regulation. Receiving our BitLicense and Money Transmission License from the New York Department of Financial Services is a testament to Bullish's commitment to regulatory compliance and our dedication to building trusted, institutional-grade digital asset infrastructure in key global markets. As a former President of the New York Stock Exchange and a proud New Yorker, I look forward to Bullish's contribution to the city's thriving financial ecosystem."
Chris Tyrer, President of Bullish Exchange
Chris Tyrer, President of Bullish Exchange, added:
"Securing the New York BitLicense is a significant regulatory milestone for our growth in the U.S. and also signals our credibility to operate within the financial capital of the world. We believe that clear regulation drives responsible market evolution and institutional engagement. We look forward to offering New York's institutions and advanced traders Bullish's regulated, high-performance digital asset services."
The company's platform integrates a high-performance central limit order book matching engine with automated market making to provide liquidity. Beyond its exchange operations, Bullish also operates CoinDesk Indices, CoinDesk Data, and CoinDesk Insights, which includes the digital media platform Coindesk.com covering news and insights about digital assets, markets, policy, and blockchain technology.
Prospective institutional customers and advanced traders in New York State and elsewhere in the U.S. seeking to onboard with the platform have been encouraged to contact Bullish relationship managers for further information.
Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — join here
