Crypto Platform Bullish (BLSH) has officially launched Spot Trade in the United States after ensuring a BitÃgense and Money Transmission license of the Financial Services Department of the State of New York (NYDFS) last month.
Commerce is now live in 20 states and territories of the United States, including California, New York and Washington, DC
Although it is new for US users. UU., Bullish has operated internationally since the late 2021 and has already prosecuted more than $ 1.5 billion in cumulative negotiation volume, the exchange said. The cryptographic platform, owner of Coindesk, was made public in the New York Stock Exchange (NYSE) in August. Currently, the action is quoted at $ 63.36 per share, 70% higher than its OPO price.
The exchange, which serves only institutional clients, presents a hybrid model that combines a central limit orders book with automated market manufacturing, with the aim of stabilizing liquidity and improving commercial execution, even in volatile conditions.
Bullish entry into the US market occurs as institutional cryptography confidence, driven by a clearer regulatory framework and a stronger approach to compliance and security grows. Even avant -garde, the second largest asset manager in the world that was known to be reluctant to allow its clients to exchange the asset class now considering changing its position.
“American institutions deserve a better execution, deeper liquidity and platforms built for their strategies,” said Chris Tyrer, president of Bullish Exchange, in a statement. He added that the American platform will now also bring institutional degree to advanced merchants.
Currently, Bullish is accessible to users in states such as California, Florida, New York and Michigan, with plans to expand even more access. The platform operates under full reserve custody standards and aims to build a compatible base for the institutional adoption of cryptography in the US.
