Bullish Secures NY BitLicense Following $1.15B IPO Success

Bullish, the cryptocurrency exchange led by former NYSE president Tom Farley, has obtained a BitLicense from New York regulators. This milestone grants institutional access to one of the world's most stringent financial jurisdictions, building on the firm's recent $1.15 billion stablecoin IPO and European regulatory approval in Germany.

The dual VIRTUAL Currency and Money Transmission licenses from NYDFS position Bullish to capture Wall Street capital. Farley emphasized New York's regulatory leadership, framing the approval as both a compliance achievement and a trust signal for institutional investors demanding robust frameworks.

This development reflects a broader resurgence of crypto firms in US markets as regulatory clarity improves. Bullish's expansion mirrors growing institutional demand for regulated digital asset infrastructure.