On January 8th, according to official sources from TechFlow of DeepChain, Bullish Group, a provider of digital asset infrastructure, announced that its German subsidiary, Bullish DE Custody GmbH, has been granted the encryption asset custody, proprietary trading, and main broker license by the Federal Financial Supervisory Authority (BaFin) of Germany. The company also appointed Marco Bodewein, former member of the management board of futurum bank AG, as the General Manager of the German region.
Bullish CEO Tom Farley said that Germany, as a leading financial center and rapidly growing digital asset market, is strategically important. Against the backdrop of the EU’s Market in Crypto-Assets (MiCA) regulation coming into effect on December 30, 2024, this license will help Bullish expand its business in the European Economic Area.
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