Bullish Granted BitLicense, Money Transmission License From NYDFS

Core Insights - Bullish US Operations LLC has received a BitLicense and Money Transmission License from the New York State Department of Financial Services, enabling it to offer spot trading and custody services for cryptocurrency products to advanced traders and institutions [1][2][5] Group 1: Regulatory Milestone - The acquisition of the licenses marks a significant regulatory milestone for Bullish's growth in the US and enhances its credibility to operate in New York [2][5] Group 2: Stock Performance - Bullish went public on August 13, 2025, with shares trading under the ticker "BLSH," initially opening above the IPO price and reaching intraday highs of over $100, currently trading at $53.33 [3] - The firm raised $1.15 billion from its IPO, primarily in stablecoins, with most proceeds settled in USDC and a portion in EURC [4] Group 3: Market Position - Bullish has a market capitalization of approximately $7.83 billion as of September 17, 2025, and joins a select group of international digital asset platforms with dual authorization from NYDFS [5]