Bullish Europe Secures MiCA License in Germany, Expanding EU Market Access
Bullish Europe, the European subsidiary of cryptocurrency exchange Bullish (BLSH), has obtained a Markets in Crypto-Assets (MiCA) license from Germany's Federal Financial Supervisory Authority (BaFin). The approval follows earlier regulatory wins for crypto brokerage and custody services in the region.
The MiCA license unlocks passporting rights across the European Union, allowing Bullish Europe to operate seamlessly in all 27 member states. Despite this expansion, BaFin will maintain oversight as the home regulator for the Frankfurt-based entity.
Parent company Bullish Group, which also owns CoinDesk, recently debuted on the New York Stock Exchange with shares initially surging 176% above its $37 IPO price. The stock has since settled at $49.01 as of Thursday's close.
