PANews reported on September 17th that according to CoinDesk , digital asset platform Bullish has received a BitLicense virtual currency business license from the New York State Department of Financial Services ( NYDFS ), allowing it to provide spot trading and custody services to institutional clients and advanced traders in New York. Bullish is already regulated in the United States, Germany, Hong Kong, and Gibraltar. Company executives stated that this move signals its expansion into the United States and its commitment to regulatory compliance. Analysts predict that Bullish will officially launch in the US in 2026 and is expected to capture approximately 8% of the US institutional spot crypto market share by 2027 .