Thomas Daniels
The German subsidiary of Bullish Group, a prominent player in the digital asset trading infrastructure, Bullish DE Custody GmbH, has successfully obtained important licenses from the Federal Financial Supervisory Authority (BaFin) of Germany. The permissions, which were given on December 20, 2024, cover major brokerage services, proprietary trading, and crypto asset custody. According to a press statement from the company, these licenses allow Bullish DE to function in Germany’s growing digital asset market.
This accomplishment puts Bullish DE in a position to grow throughout the European Union in accordance with the recently enacted Markets in Crypto-Assets Regulation (MiCA), which went into force in December 2024. MiCA provides a uniform regulatory framework intended to simplify regulations for cryptocurrency companies operating within the European Union.
Bullish CEO Tom Farley said, “BaFin’s approval highlights Bullish’s dedication to upholding the highest regulatory standards.” “Germany’s role as a prominent financial hub and its rapidly growing digital asset market present a significant opportunity for our future growth.”
An important milestone in the growth of the EU cryptocurrency sector will be reached when Bullish DE plans to use its BaFin licenses to provide services targeted exclusively at institutional and professional investors.
Similar to this, Switzerland-based Crypto Finance strengthened its plan to enter the European market by obtaining BaFin licenses in February 2024. These licenses demonstrate the growing allure of the European market for cryptocurrency enterprises by allowing Crypto Finance to provide regulated services in digital asset trading, settlement, and custody in Germany.
