Bullish announced on September 17, 2025, that its U.S. digital asset trading and custody business, Bullish US Operations LLC, was granted a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS). This license, officially a 'Virtual Currency Business Activity License,' allows Bullish to provide digital asset spot trading and custody services to institutions and advanced traders in New York State.
Tom Farley, CEO of Bullish, emphasized that receiving the BitLicense is a testament to Bullish's commitment to regulatory compliance and its dedication to building trusted, institutional-grade digital asset infrastructure in key global markets. New York is recognized as a leader in virtual currency regulation.
Chris Tyrer, President of Bullish Exchange, highlighted the BitLicense as a significant regulatory milestone for U.S. growth, signaling the company's credibility to operate within the financial capital of the world. Bullish Exchange is now regulated in the United States, European Union, Hong Kong, and Gibraltar.
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