Crypto Platform Bullish Wins New York BitLicense, Clearing Path for U.S. Expansion

Bullish Secures BitLicense from NYDFS

Bullish (BLSH), parent of CoinDesk, received a BitLicense from the New York State Department of Financial Services (NYDFS).
The license allows Bullish to offer spot trading and custody services in New York.
BitLicense is known as one of the most rigorous crypto approvals in the U.S.
Bullish US Operations LLC can now serve institutional clients and advanced traders in New York.
The approval follows Bullish's successful initial public offering (IPO) in August.
Additional recent IPOs include Circle (CRCL) and Gemini (GEMI).

Regulatory Milestone and Market Expansion

Chris Tyrer, president of Bullish Exchange, highlighted the approval as enhancing the company’s credibility with institutions.
Bullish is now regulated in the U.S., Germany, Hong Kong, and Gibraltar.
The platform combines a central limit order book with automated market making for institutional-grade liquidity.
Wall Street analysts view the BitLicense as a catalyst for U.S. expansion.
Analysts from Bernstein expect Bullish to capture ~8% U.S. market share by 2027.
Investment bank KBW sees U.S. entry as a growth catalyst, supported by Bullish's competitive fees and deep liquidity.

Bullish BitLicense