Bullish Group announced obtaining essential licenses for its German subsidiary, advancing its expansion into the European digital asset market.
Licensing by BaFin
The German subsidiary, Bullish DE Custody GmbH, received licenses from Germany’s Federal Financial Supervisory Authority (BaFin) for crypto asset custody, proprietary trading, and principal brokerage. This enables the company to officially operate in Germany’s digital asset market.
Bullish DE's European Expansion Strategy
This move opens up opportunities for Bullish DE’s expansion across the European market. The Markets in Crypto-Assets Regulation (MiCA), effective from December 2024, provides a unified framework for crypto businesses throughout the EU.
Plans for Institutional and Professional Investors
Bullish DE intends to leverage its BaFin licenses to roll out services specifically aimed at institutional and professional investors. In February 2024, Crypto Finance also secured BaFin licenses, underscoring the trend of crypto firms expanding within Europe.
The acquisition of BaFin licenses allows Bullish DE to expand its presence in Germany and across Europe, marking progressive changes in the digital asset sector.
