The European branch of the cryptocurrency exchange Bullish has achieved a significant milestone by obtaining a license under the Markets in Crypto-Assets (MiCA) regulation in Germany. This endorsement was granted by the Federal Financial Supervisory Authority (BaFin), signaling a robust regulatory framework for the company. Previously, Bullish Europe had already secured crypto brokerage and custody licenses from BaFin, demonstrating its commitment to complying with regulatory requirements.
The recent MiCA licensing affords Bullish Europe the capability to extend its services across all member states of the European Union. This expansion offers a strategic advantage, as it allows the company to operate under a unified regulatory framework facilitated by the MiCA, while continuing to be overseen by BaFin as its primary regulator.
Headquartered in Frankfurt, Bullish Europe is a subsidiary of the Bullish Group, which also owns the influential cryptocurrency news platform CoinDesk. The company made headlines recently when it began trading on the New York Stock Exchange. Bullish shares experienced a remarkable surge during their debut, reaching as high as $102, significantly exceeding its initial public offering price of $37.
As of the latest market close, Bullish shares were trading at $49.01, reflecting a notable performance since its initial foray into the stock market. Overall, the acquisition of the MiCA license positions Bullish Europe favorably within the evolving landscape of cryptocurrency regulation in Europe, enabling it to broaden its reach and service offerings within the EU market.
