Bullish Receives Regulatory Approval from Hong Kong’s Securities and Futures Commission
Bullish, a crypto exchange backed by Peter Thiel, has received regulatory approval from Hong Kong’s Securities and Futures Commission (SFC). This allows the platform to offer securities dealing and automated trading services.
- The approval enables Bullish to provide regulated digital asset services to eligible customers in Hong Kong.
- The exchange will initially serve institutional and professional investors in compliance with local regulations.
- Bullish is planning an initial public offering (IPO) as early as 2025, working with Jefferies Financial Group.
- The IPO aligns with a resurgence of interest in crypto markets following recent regulatory challenges.
- Bullish aims to be a leading regulated crypto exchange globally, recently securing licensing in Germany as well.
- The company is participating in the Consensus Hong Kong conference from February 18 to 20.
- Bullish was launched in 2021 with $10 billion in funding, including significant cryptocurrency investments.