According to ChainCatcher, the crypto exchange Bullish has officially announced that its German subsidiary Bullish DE Custody GmbH has obtained licenses for crypto asset custody, proprietary trading, and prime brokerage from the Federal Financial Supervisory Authority (BaFin) of Germany.
Bullish's plan relies on the (Regulation on Markets in Crypto-Assets) (MiCA) framework, which comes into effect on December 30, 2024, to expand its services in the European Economic Area. The company has appointed Marco Bodewein as the Managing Director of Bullish DE, who has held significant positions at futurum bank AG and Bitcoin Group SE, bringing extensive experience in crypto and financial services.
Additionally, the BaFin-authorized crypto trading platform tradias has completed integration with Bullish DE and has begun trading. Bullish DE is actively attracting professional and institutional investors in Germany, offering secure and compliant digital asset trading services.