The European subsidiary of cryptocurrency exchange Bullish (BLSH) has won a license under the Markets in Crypto-Assets (MiCA) regulation in Germany.<\/p>\n
Bullish Europe secured the license from the Federal Financial Supervisory Authority (BaFin), having previously gained crypto brokerage and custody licenses from the regulator, the company announced via email on Friday.<\/p>\n
Ascending to MiCA licensing now allows Bullish Europe to passport its services to any of the other countries in the European Union (EU). <\/p>\n
Crypto firms remain under the supervision of their home country regulator, so Frankfurt, Germany-headquartered Bullish Europe will still be overseen by BaFin.<\/p>\n
Bullish, whose parent company Bullish Group is also the owner of CoinDesk, began trading on the New York Stock Exchange (NYSE) last month, with shares soaring as high as $102 on its first day compared to an initial public offering (IPO) price of $37.<\/p>\n
BLSH now trades at $49.01 as of the close of business on Thursday. <\/p>\n
Read More: Bullish Gets Cautious Outlook from Compass Point<\/p>\n","protected":false},"excerpt":{"rendered":"
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