Bullish Crypto Platform Secures NY BitLicense, Paves Way for Major U.S. Expansion
Bullish just scored the regulatory green light that could reshape American crypto trading—New York's coveted BitLicense.
Breaking Down the Barrier
The approval slashes through one of the industry's toughest regulatory hurdles, positioning Bullish to onboard U.S. users with full compliance. No more dancing around state lines or pleading with skeptical banks.
Market Momentum Builds
This isn't just paperwork—it's a strategic power move. While traditional finance still debates whether crypto is 'real,' forward-thinking platforms are building the infrastructure that will eventually replace it. The license unlocks access to New York's massive financial ecosystem, giving institutional investors the regulatory comfort they crave.
Watch for dominoes to fall across other states as competitors scramble to keep pace. Because nothing motivates action like watching someone else eat your lunch.
Key catalyst
The milestone adds to Bullish’s growing list of regulatory credentials.
The exchange is now regulated in the U.S., Germany, Hong Kong and Gibraltar, and positions itself as a venue designed for institutional-grade liquidity, combining a central limit order book with automated market making.
The BitLicense clears the path for the crypto platform to expand in the U.S., which Wall Street analysts noted as a key catalyst for the stock.
Investment bank Canaccord said that with Bullish licensed in Europe and Asia, securing a BitLicense WOULD open access to U.S. institutional clients.
Meanwhile, broker Bernstein said that Bullish could compete with rivals such as Coinbase if the platform successfully launches in the U.S. in 2026. "We expect Bullish to capture ~8% market share in U.S. spot institutional crypto volumes by 2027E, while global spot market share remains at ~7%," Bernstein's analysts wrote.
Investment bank KBW also said near-term U.S. expansion was a catalyst for growth for Bullish, and the firm's differentiated tech stack, competitive fees and DEEP liquidity positioning it to gain market share.
