Crypto platform Bullish has officially launched spot trading in the United States after securing both a BitLicense and a money transmission license from the New York State Department of Financial Services last month. Trading is now live in 20 U.S. states and territories, including California, New York, and Washington, D.C.
Though new to U.S. users, Bullish has operated internationally since late 2021 and has already processed over $1.5 trillion in cumulative trading volume. The crypto platform, which owns CoinDesk, went public on the New York Stock Exchange in August. The stock is currently trading at $63.36 a share, 70% higher than its IPO price.
The exchange caters solely to institutional clients and features a hybrid model combining a central limit order book with automated market making, aiming to stabilize liquidity and improve trade execution, even in volatile conditions. Bullish’s entry into the U.S. market comes as institutional confidence in crypto grows, driven by a clearer regulatory framework and a stronger focus on compliance and safety.
Chris Tyrer, president of Bullish Exchange, said U.S. institutions deserve better execution, deeper liquidity, and platforms built for their strategies. He added that the U.S. platform will now bring institutional-grade performance to advanced traders as well. The platform operates under full-reserve custody standards and aims to build a compliant foundation for institutional crypto adoption in the U.S.
I was born in 1979 in Dunedin, New Zealand, where cold mornings, steep streets, and strong opinions about rugby were part of ordinary life. I use Benjamin Redfern as my public name. My private identity remains known only to close family and long-standing friends.
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