On September 5, 2025, Bullish announced that its German subsidiary, Bullish Europe GmbH, secured a license under the Markets in Crypto-Assets Regulation (MiCAR) from the German Federal Financial Supervisory Authority (BaFin). This license enables Bullish to offer digital asset trading and custody services across the entire European Union.
Bullish Europe was previously operating under crypto brokerage and custody licenses from BaFin, and this MiCAR uplift solidifies its regulatory standing. The company's European headquarters are located in Frankfurt, a major financial hub, underscoring its commitment to rigorous regulatory standards.
Chris Tyrer, President of Bullish Exchange, stated that Europe represents the second-largest cryptoasset economy globally, with growing institutional demand for regulated trading venues. This MiCAR approval allows Bullish to meet that demand by providing trusted execution for institutions engaging with digital assets.
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