New York Greenlights Bullish With Bitlicense and Money Transmitter Nod

Bullish Gets New York Go-Ahead for Trading and Custody Arm

Bullish (NYSE: BLSH) said Wednesday that its U.S. arm, Bullish US Operations LLC, secured a Bitlicense and a Money Transmission License from the New York State Department of Financial Services (NYDFS).

The approvals let the firm offer digital asset spot trading and custody to institutions and advanced traders.

The Bitlicense — formally the NYDFS “Virtual Currency Business Activity License” — adds New York to Bullish’s roster of regulated venues and moves the company toward a U.S. rollout. Clear rules are table stakes for courting clients that want speed without extra risk.

“Receiving our Bitlicense and Money Transmission License is a testament to Bullish’s commitment to regulatory compliance,” CEO Tom Farley said, calling New York a leader in virtual currency oversight. A former New York Stock Exchange president, Farley said he’s eager for Bullish to plug into the city’s financial scene.

Chris Tyrer, president of Bullish Exchange, called the approval a “significant regulatory milestone” for U.S. growth and a signal of credibility to operate in the “financial capital of the world.” He said the company plans to deliver regulated, high-performance services to institutions and sophisticated traders.

The licenses cap a year in which traditional finance and crypto natives chased clarity from heavyweight regulators. For Bullish, the pitch is simple: market plumbing, data, and custody that can satisfy compliance teams from Albany to Wall Street — with a New York stamp to match.