Bullish, a leading institutional-grade cryptocurrency exchange, has achieved a significant regulatory milestone by securing both the BitLicense and a Money Transmission License from the New York Department of Financial Services (NYDFS). This approval paves the way for the platform to officially launch its crypto trading and digital asset custody services for institutional clients based in New York. The licenses represent a rigorous compliance endorsement, underscoring Bullish’s commitment to operating within a robust regulatory framework. This development marks a strategic step in Bullish’s planned expansion into the United States, one of the world’s most stringent financial markets. The move is expected to provide New York-based institutions with enhanced access to a regulated and secure environment for digital asset transactions, boosting confidence among traditional finance participants exploring cryptocurrency investments. Industry observers view this as a positive signal for the broader maturation of crypto markets, demonstrating that established regulatory pathways exist for qualified entities seeking to offer digital asset services in key jurisdictions.
