Bullish obtains BaFin license in Germany and will expand its services in the European Economic Area

ChainCatcher news, according to an official announcement from the cryptocurrency exchange Bullish, its German subsidiary Bullish DE Custody GmbH has obtained licenses for crypto asset custody, proprietary trading, and prime brokerage from the Federal Financial Supervisory Authority (BaFin) of Germany.

Bullish plans to expand its services in the European Economic Area based on the framework of the Markets in Crypto-Assets Regulation (MiCA), which will take effect on December 30, 2024. The company has appointed Marco Bodewein as the Managing Director of Bullish DE, who has held significant positions at futurum bank AG and Bitcoin Group SE, bringing extensive experience in crypto and financial services.

Additionally, the BaFin-authorized crypto trading firm tradias has completed integration with Bullish DE and has begun trading. Bullish DE is actively attracting professional and institutional investors in Germany, providing secure and compliant digital asset trading services.