Deep Tide TechFlow News, on January 8, according to official news, digital asset infrastructure provider Bullish Group announced that its German subsidiary Bullish DE Custody GmbH has obtained a cryptocurrency asset custody, proprietary trading, and prime brokerage license issued by the Federal Financial Supervisory Authority (BaFin) of Germany. The company also appointed Marco Bodewein, a former member of the management board of futurum bank AG, as the Managing Director for Germany.
Bullish CEO Tom Farley stated that Germany holds significant strategic importance as a leading financial center and a rapidly growing digital asset market. Against the backdrop of the EU's Cryptocurrency Asset Market Regulation (MiCA) coming into effect on December 30, 2024, this license will assist Bullish in expanding its business in the European Economic Area.