Bullish, the cryptocurrency exchange, has officially launched trading operations across the United States following regulatory approvals from New York state authorities. The platform secured both the BitLicense and money transmission license, enabling its expansion into 20 American states. This strategic market entry was supported through partnerships with digital asset custodian BitGo and financial services firm Nonco.
In a significant show of confidence, Cathie Wood’s investment firm ARK Invest has capitalized on this development by acquiring $5 million worth of shares in Bullish. This substantial investment underscores institutional belief in the exchange’s growth potential within the regulated US digital assets market.
The BitLicense approval represents a crucial milestone for Bullish, as New York maintains one of the most stringent regulatory frameworks for cryptocurrency operations nationwide. This certification allows the exchange to offer services to New York residents while complying with the state’s comprehensive digital asset regulations.
Bullish’s multi-state rollout demonstrates the exchange’s commitment to operating within established regulatory parameters while expanding its footprint in key American markets. The partnerships with industry leaders BitGo and Nonco further strengthen the exchange’s operational infrastructure and compliance capabilities, positioning it for sustainable growth in the competitive digital assets landscape.
