The European subsidiary of Cryptocurrency Exchange Bullish (BLSH) has acquired licenses in the German Crypto-Assets (MICA)-regulated market.
Bullish Europe secured a license from the Federal Financial Supervisory Authority (Bafin) and previously obtained cryptocurrency trading and custody licenses from regulators, announced in an email on Friday.
Promoted to MICA licenses allow bullish Europe to passport services to one of the other countries of the European Union.
As crypto companies are under the supervision of their home country’s regulators, Frankfurt, Germany, bullish bullish Europe, is still overseen by Baffin.
Bullish, whose parent bull group is also owned by Coindesk, began trading on the New York Stock Exchange (NYSE) last month. The stock reached $102 on the first day, compared to the initial public offering (IPO) of $37.
BLSH is trading at $49.01 at the end of business Thursday.
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