Securing both the Virtual Currency Business Activity License and Money Transmission License from the New York Department of Financial Services (NYDFS) marks a significant achievement for Bullish. With this regulatory approval, Bullish is now perfectly poised to access the vast pool of institutional capital that is based in the financial heart of America.
As per the reports, the cryptocurrency exchange represents more than mere compliance; it’s a testament to their trustworthiness and legitimacy, drawing in high-value, sophisticated clients who insist on robust regulatory frameworks. the cryptocurrency exchange CEO, Tom Farley, a former President of the New York Stock Exchange, highlighted New York’s leadership in virtual currency regulation, underscoring the strategic importance of this license
1/2 We are proud to announce that Bullish has been granted a BitLicense and Money Transmission License by the New York State Department of Financial Services (NYDFS).
— Bullish (@Bullish) September 17, 2025
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Bullish’s entry into the New York market is the result of a strategic, multi-jurisdictional expansion. The company’s current $1.15 billion IPO is a landmark event on the New York Stock Exchange.It demonstrates its financial strength and innovative framework for capital raising. This was followed by the MiCAR license uplift, through which Germany’s BaFin made a move that provides a powerful regulatory foundation for its European operations.
These global successes, spanning the U.S., EU, Hong Kong, and Gibraltar, have established Bullish as a serious, certified player in the digital asset space. It made making its U.S. expansion a logical next step. Bullish can now serve New York’s institutions, building on its earlier achievements. This shows its business model focuses on clear rules and strong ties with big investors.
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Bullish’s BitLicense approval is part of a significant shift in the crypto industry. The United States has now become an attractive destination for blockchain companies, with recent data showing over 5,000 firms now operating within its borders. This trend is backed by a strengthening regulatory landscape and a pro-crypto stance from the current administration.
This aims to make America an international center for digital assets. Other major firms, like Polymarket, the TON Foundation, and Deribit, are also re-establishing or expanding their U.S. presence. This signals a collective belief that the “golden age of crypto” has started in America. This renewed confidence is also driving a rush of crypto companies to go public, including major financial institutions reporting a substantial pipeline of IPOs, representing strong institutional interest and a maturing market.
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