Bullish (NYSE:BLSH) surged 5.82% on September 17, closing at $54.35 with a $2.99 gain during the session. In after-hours trading, shares dipped slightly by $0.10 to $54.24, ahead of the company’s Q2 2025 earnings call.
The increase followed confirmation that Bullish US Operations LLC secured both a BitLicense and a Money Transmission License from New York regulators. These approvals allow the firm to provide crypto trading and custody services within New York State.
The New York State Department of Financial Services (NYDFS) granted Bullish the regulatory green light for its digital asset operations. This move positions Bullish to directly serve institutions and advanced traders in one of the most regulated US markets.
This regulatory win marks a turning point in Bullish’s US growth strategy, signaling its increasing alignment with stringent compliance standards. The approval underlines Bullish’s readiness to compete in a jurisdiction known for setting high operational thresholds. Market participants responded to the development with strong interest, pushing the stock up sharply during regular trading hours.
Bullish’s licensing success reflects a broader push to expand its institutional offerings in highly regulated environments. New York’s BitLicense is among the most rigorous state-level licenses for digital asset firms in the US. Only a small number of companies have successfully cleared the NYDFS process since its introduction in 2015.
This dual licensing allows Bullish to offer spot crypto trading and custody services directly in New York. The state is a key financial center, and this access aligns with Bullish’s mission to serve institutional clients. The firm can now build new partnerships and attract institutional flows that were previously out of reach.
BitLicense requirements include capital reserves, cybersecurity controls, anti-money laundering procedures, and consumer protection standards. Many firms have avoided applying due to high costs and long review times. Still, Bullish’s success reflects a well-resourced compliance operation capable of meeting New York’s exacting criteria.
Bullish listed on the New York Stock Exchange just last month, pricing its IPO at $37 per share. The stock reached a peak of $118 on debut day, but later stabilized near $54, reflecting a $7.5 billion market cap. The recent BitLicense announcement rekindled bullish sentiment and pushed the stock upward once again.
The company continues to gain momentum following its 2023 acquisition of CoinDesk, expanding into digital asset media. With trading and custody services now active in the US, Bullish aims to capture a larger share of institutional capital. The company remains focused on becoming a trusted platform for high-performance crypto market infrastructure.
This week’s price movement confirms continued interest in Bullish as it builds a regulated, institutionally driven platform. The BitLicense approval may set the stage for more state-level expansions in coming months. As the firm consolidates its position in the US, its broader global ambitions remain intact.
The post Bullish (BLSH) Stock: Soars 5.82% as BitLicense Approval Fuels New York Expansion appeared first on CoinCentral.
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