Bullish Wins NY BitLicense, U.S. Approval for Crypto Trading & Custody
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During the latest U.S. regulatory updates, Bullish (NYSE: BLSH) announced that its U.S. arm, Bullish US Operations LLC, successfully obtained both a Bitlicense and a Money Transmission License from the New York State Department of Financial Services (NYDFS).
1/2 We are proud to announce that Bullish has been granted a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).
Read more 👇https://t.co/GezSTW2XUJ pic.twitter.com/x2dEEJyjrJ
— Bullish (@Bullish) September 17, 2025
This approval positions Bullish to offer digital asset spot trading and custody services specifically designed for institutions and advanced traders, marking a major step in its U.S. expansion strategy.
Bullish Gains Regulatory Approval, Unlocking U.S. Market Access
The Bitlicense, officially called the NYDFS “Virtual Currency Business Activity License,” adds New York to Bullish’s growing list of regulated trading platforms. These licenses provide a clear framework for compliance, appealing to clients seeking fast, secure, and legally approved digital asset services.
CEO Tom Farley highlighted the importance of the approvals, emphasizing New York’s leadership in virtual currency oversight and Bullish’s commitment to regulatory compliance. As a former NYSE president, Farley expressed enthusiasm about integrating Bullish into the city’s financial ecosystem and serving sophisticated U.S. clients.
Institutional and Advanced Trader Services to Benefit from New York Clearance
Chris Tyrer, president of Bullish Exchange, described the approvals as a “significant regulatory milestone” signaling credibility for U.S. operations. With the licenses in hand, the company aims to provide high-performance, regulated trading and custody services that satisfy compliance requirements from Albany to Wall Street. The move also underlines Bullish’s focus on institutional-grade infrastructure, market data, and custody solutions that meet the expectations of sophisticated traders.
Regulatory Certainty Strengthens Bullish’s U.S. Expansion Prospects
This regulatory milestone comes as both traditional financial institutions and crypto-native firms seek clarity from key regulators. By securing a Bitlicense and Money Transmission License, Bullish establishes itself as a compliant, trustworthy participant in the U.S. digital asset market, paving the way for growth in the “financial capital of the world.”
The licenses provide Bullish with a strong foundation to expand U.S. operations, combining regulatory certainty with the technical capabilities required to serve high-demand institutional clients and sophisticated traders.
