Crypto Platform Bullish (BLSH) has officially launched Spothandel in the United States after securing both a bitlicense and a Money Transfer License from the New York State Department of Financial Services (Nydfs) last month.
Trade is now live in 20 US states and territories including California, New York and Washington, DC
Although new to us users, Bullish has been working internationally since the end of 2021 and has already treated over 1.5 trillion dollars in cumulative trading volume, the exchange says. The Crypto Platform, which owns Coindesk, was published on the New York Stock Exchange (NYSE) in August. The share is currently trading for $ 63.36 per Share, 70% higher than its IPO.
The exchange, which is solely addressed to institutional clients, has a hybrid model that combines a central border order book with automated market -making, with the aim of stabilizing liquidity and improving trade execution, even under unstable conditions.
Bullish’s entry into the US market comes when institutional confidence in crypto is growing, driven by a clearer legislative framework and a stronger focus on compliance and security. Even Vanguard, the second largest asset manager in the world, who was known to be reluctant to let his customers act the asset class, is now supposed to be considering changing his attitude.
“American institutions deserve better execution, deeper liquidity and platforms built for their strategies,” Chris Tyrer, President of Bullish Exchange, said in a statement. He added that the American platform will now bring performance developments to advanced traders as well.
Bullish is currently available to users in states, including California, Florida, New York and Michigan, with plans to expand access further. The platform operates under full -term standards and aims to build a compatible foundation for institutional crypto -uptake in the US
