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BTCC / BTCC Square / Global Cryptocurrency /
Peter Thiel-Backed Bullish Crypto Exchange Secures NYDFS BitLicense, BLSH Stock Rises

Peter Thiel-Backed Bullish Crypto Exchange Secures NYDFS BitLicense, BLSH Stock Rises

Author:
Global Cryptocurrency
Published:
2025-09-17 14:56:02
26
3
BTCCSquare news:

Bullish, a cryptocurrency exchange backed by venture capitalist Peter Thiel, has obtained a BitLicense and Money Transmission License from the New York State Department of Financial Services (NYDFS). This regulatory approval allows Bullish to offer crypto spot trading and custody services to institutional and advanced traders in New York, marking a significant expansion of its U.S. operations.

The announcement spurred a 4% rise in BLSH stock during Wednesday's trading session, reflecting investor optimism. CEO Tom Farley emphasized the exchange's commitment to compliance and institutional-grade infrastructure, positioning Bullish as a key player in global digital asset markets.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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