PANews reported on January 8 that according to the official announcement of the crypto exchange Bullish, its German subsidiary Bullish DE Custody GmbH has been granted a crypto asset custody, proprietary trading and prime brokerage license by the German Federal Financial Supervisory Authority (BaFin). Bullish plans to expand its services in the European Economic Area based on the framework of the Crypto Asset Market Regulation (MiCA), which will take effect on December 30, 2024. The company appointed Marco Bodewein as the general manager of Bullish DE. He has held important positions at futurum bank AG and Bitcoin Group SE and has extensive experience in crypto and financial services.

In addition, tradias, a crypto trading institution authorized by BaFin, has completed docking with Bullish DE and started trading. Bullish DE is actively attracting professional and institutional investors in Germany to provide safe and compliant digital asset trading services.