Markets
What to know:
- Bullish, that charming parent company of CoinDesk, has proudly planted its flag on U.S. soil with spot trading, having charmed the proper New York officials into handing over a BitLicense and Money Transmission License. Quite the feat for a company that presumably drinks tea with a stiff upper lip.
- The platform has impressively shuffled through a casual $1.5 trillion in global trades and sashayed onto the NYSE stage come August, no less.
- Bullish’s grand Stateside debut arrives just as the institutional bigwigs are looking less like skeptics and more like eager toddlers wanting their turn on the crypto seesaw – all thanks to regulatory mumbo jumbo finally making some semblance of sense.
Crypto platform Bullish (ticker BLSH for those who like their thrills on the ticker tape) has officially swung open the spot trading gates across America, following the ceremonious awarding of both a BitLicense and a money transmission license from the venerable New York State Department of Financial Services (NYDFS) just last month. One suspects the paperwork was as thrilling as a Sunday stroll in the park-if that park were lined with financial wizards demanding their due.
Trading is now live and kicking in 20 fine U.S. states and territories, including the ever-dauntless California, the Big Apple itself, and politically charged Washington, D.C. No doubt some senators are furrowing their brows as we speak.
Though a fresh face to the American crowd, Bullish has been mingling internationally since late 2021 and claims to have processed a whopping $1.5 trillion in trade volume-yes, trillion, not million, not thousand. And, just to add a cherry on this already luscious cake, the very crypto platform behind CoinDesk strutted onto the public market catwalk in August via the NYSE. Shares are now dancing at $63.36, a sprightly 70% ahead of their opening act.
Exclusively catering to the sharp-suited institutional clientele, Bullish employs a hybrid model combining the old-fashioned central limit order book with some clever automated market making – a technological duet aimed at smoothing liquidity and ensuring trades go off without a hiccup, even when the crypto rollercoaster hits the loop-de-loop.
Bullish’s U.S. entrance seems to have been timed with the precision of a master tick-tocker: institutional trust in crypto assets is on the up, fueled by a vaguely clearer regulatory picture and an earnest, dare we say wholesome, interest in compliance. Even Vanguard, the asset manager who once looked at crypto as if it were a rather distasteful cucumber sandwich, is reportedly reconsidering its stance. Bless their weary hearts!
“U.S. institutions deserve better execution, deeper liquidity, and platforms built for their strategies,” declared Chris Tyrer, President of Bullish Exchange, with a confidence that would put a lion tamer to shame. He added that the platform would now offer institutional-grade performance to advanced traders too – because why should the titans have all the fun?
Bullish is currently welcoming users from California to Florida, New York to Michigan, with plans to toss open even more doors soon. Operating under full-reserve custody standards, the platform is determined to lay down a rock-solid, squeaky-clean foundation for institutional crypto adoption across the States. One does hope the foundations don’t creak like a haunted mansion on a stormy night.
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2025-10-01 21:11