Bullish Secures NY BitLicense and Money Transmission License, Strengthening U.S. Expansion

Bullish, a cryptocurrency exchange, has obtained both a BitLicense and a Money Transmission License from the New York State Department of Financial Services (NYDFS). This regulatory milestone allows Bullish to operate in New York, one of the most stringent jurisdictions for digital asset services, and positions the exchange to serve institutional clients and advanced traders in the region.

The approval underscores Bullish's commitment to compliance and its ambition to build a trusted, institutional-grade platform. Tom Farley, CEO of Bullish and former president of the NYSE, described the achievement as a testament to the company's focus on regulatory adherence and global market infrastructure.

New York's BitLicense is renowned for its rigorous standards, making Bullish's success a significant validation of its operational and compliance framework. The licenses pave the way for Bullish to compete on a global scale, reinforcing its credibility among institutional investors.