Secures New York's BitLicense from NYDFS, opening path for U.S. debut
Bullish, a global digital asset platform, has made a significant stride in its U.S. expansion journey. The New York State Department of Financial Services (NYDFS) has granted Bullish a BitLicense and a Money Transmission License, allowing Bullish US Operations LLC to offer digital asset spot trading and custody services to institutional customers and advanced traders in New York State.
The licenses, officially defined as a 'Virtual Currency Business Activity License' by the NYDFS, are a testament to Bullish's commitment to regulatory compliance. According to Tom Farley, Bullish's CEO, these licenses signify the company's dedication to adhering to stringent regulatory standards.
Chris Tyrer, President of Bullish Exchange, echoed this sentiment, stating that securing the New York BitLicense is a significant regulatory milestone for the company's growth in the U.S. This move is expected to strengthen Bullish's position in the competitive digital asset market.
Bullish provides market infrastructure and information services, including Bullish Exchange, CoinDesk Indices, CoinDesk Data, and CoinDesk Insights. The platform uses investors.bullish.com and x.com/bullish to publicize information relevant to investors, including material information, in addition to filings with the U.S. Securities and Exchange Commission (SEC) and press releases.
The licenses mark another key step in the expansion of Bullish's global regulatory footprint. Bullish is already regulated in the United States, European Union, Hong Kong, and Gibraltar.
The licenses, however, do not come without risks. Factors that may cause results to differ from those expressed in Bullish's forward-looking statements include, but are not limited to, the ability to grow the business and operations, competition in the industry, and evolving rules and regulations applicable to digital assets and the industry.
Investors are encouraged to regularly review the information posted on Bullish's website and X account, in addition to SEC filings and press releases, to be informed of the latest developments. Prospective institutional customers and advanced traders in New York State and elsewhere in the U.S. who are eager to onboard are encouraged to get in touch with a Bullish relationship manager.
This press release contains forward-looking statements regarding Bullish's future financial or operating performance, business strategy, and potential market opportunity, including in the United States. Bullish undertakes no duty to update these forward-looking statements. For more information, please visit bullish.com and follow LinkedIn and X.
The press release was sourced from PR Newswire and Canada Newswire.
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