Bullish Launches in 20 US States After Getting NYDFS BitLicense

Bullish has initiated its crypto trading services across 20 US states following the acquisition of a BitLicense and a money transmission license from New York’s financial regulator. The platform, known for its institutional focus, began operations by facilitating spot trading for entities such as BitGo and Nonco. Key states now included in Bullish’s service range are California, Florida, and New York, among others. Since its inception in late 2021, Bullish has managed approximately $1.5 trillion in trading volume globally. The platform employs an innovative strategy that combines a central limit order book with a deterministic automated market maker, catering to a myriad of institutional clients including hedge funds and fintech companies. To further attract sophisticated traders, Bullish is offering competitive pricing with 0% maker fees for institutional accounts and advanced individual traders. Despite the positive news, Bullish shares saw a decline of 4.4% on the announcement day, although they remain significantly up from their initial public offering price.

Source 🔗