Bullish Gets BitLicense & Conquers 20 States: A Crypto Tale!

Bullish, that spry young upstart of the crypto world, has gone and done what every self-respecting blockchain biz dreams of: secured a BitLicense and galloped into 20 U.S. states like a caffeinated stallion. Regulated trading? Deep liquidity? Institutional-grade services? They’ve got it all, folks-like a Wall Street suit dipped in blockchain glitter. 🚀

The scoundrels over at Bullish recently waltzed out of New York’s regulatory maze with both a BitLicense and a money transmission license clutched in their grubby little hands. Ain’t that a sight? Now they’re peddling crypto trading so regulated it’d make a bureaucrat weep with joy. And this here expansion? Why, it’s a “pivotal moment” for their global ambitions. Or as I call it, “Round 1 of the Great Crypto Circus.”

Bullish Rides Into Town, Saddlebags Packed With Zero Fees

Yessiree, Bullish claims they’re dishing out zero maker fees, low taker fees, and liquidity so deep you could lose your boots in it. All thanks to some fancy-pants Automated Market Maker tech. And APIs smoother than a fresh jar of moonshine. Since 2021, they’ve processed over $1.5 trillion in trades-enough to buy every man, woman, and crypto whale in Texas a brand-new pickup truck. 🚛

Related Reading: Bullish Exchange Gets New York BitLicense to Launch U.S. Spot Trading | Live Bitcoin News (because of course there’s a “related reading” section)

On day one, Bullish snagged two U.S. customers: BitGo, the crypto infrastructure titan, and Nonco, a brokerage with more letters than a Scrabble champion. And 14 trading partners too-including names like Galaxy Digital and Cumberland. Sounds like a who’s-who of crypto’s version of the Avengers. 🦸♂️

Their trading system? Built for efficiency, they say. One margin account to rule ’em all-spot, futures, options, the whole shebang. Hedge risks, share collateral, and keep your pockets fat. Target audience? Hedge funds, market makers, and folks who think “high-frequency trading” is a hobby. 💸

Bullish: Where Institutions Go To Dance (But Not on a Blockchain)

Chris Tyrer, Bullish’s own President, declared, “U.S. institutions need more efficient execution!” Ain’t that the truth. He reckons Bullish is built for banks and billionaires but now welcomes “advanced traders.” Which is just fancy talk for “we’re casting a wider net.” 🕵️♂️

The crypto options market’s worth $50 billion now, with Deribit hogging 80% of it. But Bullish’s gunnin’ for a slice of that pie, offering “regulated alternatives” for institutions that prefer their crypto with a side of compliance. Because nothing says “fun investment” like a heaping helping of paperwork. 📝

Their U.S. debut? A game-changer, maybe. Licensed exchanges’ll gain trust while the unlicensed ones? Well, let’s just say compliance costs might send ’em the way of the dodo. And industry consolidation? Oh, it’s coming. The wolves are at the door, and they’re packing spreadsheets. 🐺

Bullish’s rise mirrors crypto’s next chapter: more regulation, more liquidity, and more folks pretending they understand what “capital efficiency” means. With their BitLicense in hand, they’re charging headfirst into the U.S. market-where the stakes are high, the fees are low, and the paperwork never ends. 🎩🐍

Read More

2025-10-02 18:00