Bullish US Operations has received approval for a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).
The ‘Virtual Currency Business Activity License,’ allows Bullish to provide institutions and advanced traders in New York digital asset spot trading and custody services.
“New York is widely recognised as being at the forefront of virtual currency regulation,” said Tom Farley, CEO of Bullish.
“Receiving our BitLicense and Money Transmission License from the NYDFS is a testament to Bullish’s commitment to regulatory compliance and our dedication to building trusted, institutional-grade digital asset infrastructure in key global markets.”
The approval comes as part of the platform’s commitment to expanding its global regulatory footprint.
“We believe that clear regulation drives responsible market evolution and institutional engagement,” said Chris Tyrer, president of Bullish Exchange.
“We look forward to offering New York’s institutions and advanced traders Bullish’s regulated, high-performance digital asset services.”
