Market News

German Crypto Exchange Bullish Secures MiCA License, Expanding European Operations

The European arm of cryptocurrency exchange Bullish has recently obtained a license under the Markets in Crypto-Assets (MiCA) regulation in Germany.

This license was granted by the Federal Financial Supervisory Authority (BaFin), which previously issued crypto brokerage and custody licenses to Bullish Europe.

With the MiCA licensing, Bullish Europe can now offer its services across all EU member states.

Despite this expansion, Bullish Europe will continue to be regulated by BaFin, as it is headquartered in Frankfurt, Germany.

Bullish's parent company, Bullish Group, also owns CoinDesk and recently went public, trading on the New York Stock Exchange.

The company's shares experienced a remarkable first day, reaching a peak of $102, well above the initial offering price of $37.

As of the end of trading on Thursday, shares of BLSH are priced at $49.01.

This achievement comes at a time when crypto regulation is becoming increasingly significant, particularly in Europe.

Thus, Bullish's strategic licensing contributes to its growth and compliance within the evolving regulatory landscape.

Investors and market observers will be keenly watching how these developments impact Bullish's operations and the broader crypto market in Germany.