Bullish Launches U.S. Spot Trading After Securing NYDFS Licenses
- Bullish (BLSH) has launched spot trading in the U.S. after obtaining a BitLicense and a money transmission license from the NYDFS.
- Trading is available in 20 states, including California, New York, and Washington, D.C.
- The platform has processed over $1.5 trillion in trading volume since late 2021.
- Bullish went public on the NYSE in August, with shares trading at $63.36, 70% above the IPO price.
- The exchange focuses on institutional clients, using a hybrid model to enhance liquidity and trade execution.
- Increased institutional confidence in crypto is driven by clearer regulations and compliance focus.
- Vanguard is reconsidering its stance on allowing crypto ETF trading.
- Chris Tyrer, Bullish President, emphasized the platform's aim for better execution and deeper liquidity for U.S. institutions.
- Bullish is expanding access beyond current states like California, Florida, New York, and Michigan.
- The platform adheres to full-reserve custody standards to support institutional crypto adoption.
