Summary
- Bullish Europe said it obtained a MiCA license from Germany's Federal Financial Supervisory Authority (BaFin).
- With this license, Bullish Europe said it can provide services anywhere in EU member states.
- Bullish saw a surge in its share price on its first day after listing on the New York Stock Exchange (NYSE), and recently closed at $49.01.
The European arm of cryptocurrency exchange Bullish has obtained a license under the European Union's (EU) comprehensive virtual asset regulatory proposal, the MiCA law.
According to crypto-focused media CoinDesk on the 5th, Bullish Europe said it obtained a license from Germany's Federal Financial Supervisory Authority (BaFin). With this license, Bullish Europe can provide services anywhere in EU member states. Previously, Bullish had secured cryptocurrency brokerage and custody licenses in Germany.
Meanwhile, Bullish's parent company, Bullish Group, is also the parent company of CoinDesk. Bullish was listed on the New York Stock Exchange (NYSE) last month, and its stock, which started at an offering price of $37, surged as high as $102 on the first day. On the 4th (local time), Bullish's stock closed at $49.01.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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