Bullish obtains New York BitLicense and will expand into the U.S. market

ChainCatcher news, according to CoinDesk, the New York Department of Financial Services has granted a virtual currency business activity license to Bullish US Operations LLC, allowing it to offer spot trading and custody services to institutional and high-frequency traders in New York.

The trading platform is currently regulated in the United States, Germany, Hong Kong, and Gibraltar, positioning itself as an institutional-grade liquidity venue that combines a central limit order book with automated market making. This license approval will aid its expansion in the U.S. market.