In simple terms, Bullish Group – a pioneer in the field of digital asset trading frameworks – declared that their German branch, Bullish DE Custody GmbH, has secured crucial permits from Germany’s Financial Supervisory Authority.
On December 20th, I received approvals that extend to crypto asset custody, proprietary trading, and principal brokerage. With these licenses in hand, my organization, Bullish DE, can now legally participate in the rapidly growing digital asset market within Germany, as stated in our official announcement.
Reaching this milestone allows Bullish DE to pursue wider growth throughout Europe, thanks to the Markets in Crypto-Assets Regulation (MiCA) that went into effect in December 2024. MiCA offers a unified set of rules for crypto businesses, simplifying regulatory demands across the European Union.
Delighted to share the news: #Bullish has successfully obtained licenses from BaFin in Germany, which signifies a major advance in bolstering our presence and influence within the European Union.
— Bullish (@Bullish) January 8, 2025
Obtaining approval from BaFin demonstrates Bullish’s dedication to upholding top-tier regulatory practices, according to Tom Farley, Bullish CEO. The fact that Germany is a major financial powerhouse with a quickly expanding digital asset market presents a substantial opportunity for us.
Crypto to institutional and professional investors
As stated in their recent announcement, Bullish Digital Economy aims to leverage their BaFin licenses by introducing specialized investment services tailored for institutional and experienced investors. This move may serve as a stepping stone towards more sophisticated cryptocurrency developments within the European Union.
By February 2024, the Switzerland-based Crypto Finance had obtained BaFin licenses, showing a parallel dedication towards growth within Europe. With these licenses, Crypto Finance is now authorized to offer regulated digital asset trading, settlement, and custody services in Germany.
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2025-01-08 18:40