Bulsh wins Bitlidense, widens cryptography services in New York

Bullish, the digital asset platform and the infrastructure provider that made its debut on the New York Stock Exchange last month, obtained regulatory approval to extend its operations in the United States-a key step, as exchanges are looking for a clearer foot on one of the most examined markets in the crypto.

Bullish announced on Wednesday that his American arm, Bullish US Operations LLC, obtained both a Bitlidense license and a money transmission license by the New York State Financial Services Department (NYDFS).

The approvals allow the company to offer institutional trading services to the point of cryptocurrency and guard in New York.

Bullish, better known as a platform of digital assets focused on the institution, spread to Crypto Media in 2023 by acquiring Coindesk. The company is now monitoring a vague vagueness after the high -level public beginnings of last month, briefly exceeding an assessment of $ 13 billion while its actions jumped on the day of the opening.

According to Yahoo Finance Data, the Haussier Prize assessed its initial public offer (IPO) at $ 37, with actions reaching $ 118 at its peak, according to data from Yahoo Finance. It is now negotiating around $ 54, giving the company a market capitalization of approximately $ 7.5 billion.

Bullish, a merchant under the symbol of Ticker BLSH, experienced volatility after its public debut. Source: Yahoo Finance

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Bitlidense and his dissatisfied

Bitlidense is often considered one of the most difficult regulatory obstacles for cryptographic companies, requiring a long examination process and granted a limited number of companies since its introduction in 2015. It was criticized by industry to be too expensive and limiting the competitiveness of New York State.

Only a few dozen companies have obtained learning bit since the introduction of the regime. Recent directors include the Moonpay payment company and a digital anchorage crypto bank subsidiary.

Listening to the votes of the industry, the mayor of New York, Eric Adams, suggested that the state reconsidering his Bitlidense program.

Source: abrnkn

“Let us get rid of the Bitcoin license and allow ourselves to have the free flow of Bitcoin in our city,” said Adams at the Bitcoin 2025 conference in May.

Although the applied bit application costs are $ 5,000, “the real cost of obtaining an applied bit is much higher,” wrote Pillsbury Law Brian H. Montgomery and partner Johnna Purcell.

“Companies frequently spend this amount several times while preparing a bitlidense application and are also subject to capital requirements determined by NYDFS,” they noted.

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