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Bullish Stock Surges 20% After Approval for US Crypto Exchange Expansion

Bullish Stock Surges 20% After Approval for US Crypto Exchange Expansion

Following the receipt of a BitLicense and Money Transmission License, Bullish has expanded its services to 20 states, signaling a major step in its U.S. crypto market operations.

Summary

Bullish has officially launched spot trading in the U.S., now available in 20 states, including California, New York, and Washington, D.C., after securing regulatory approval from the New York State Department of Financial Services. The exchange, which has processed over $1.5 trillion in global trading volume since 2021, continues its push to lead institutional crypto trading in the U.S.

Terms & Concepts
  • BitLicense: A regulatory license issued by the New York State Department of Financial Services that allows companies to engage in virtual currency activities in New York.
  • Money Transmission License: A license required in certain U.S. states for businesses that engage in transmitting money, including digital assets, on behalf of customers.