Bullish Launches U.S. Spot Crypto Trading Following NYDFS Approval

Core Insights - Bullish has launched spot trading in the U.S. after obtaining necessary licenses, now operational in 20 states and territories [1][6] - The platform has processed over $1.5 trillion in trading volume since its international launch in late 2021 and went public on NYSE in August, with shares currently trading at $63.36, a 70% increase from its IPO price [2] - Bullish targets institutional clients with a hybrid trading model designed to enhance liquidity and trade execution [3][5] Industry Context - The entry of Bullish into the U.S. market aligns with increasing institutional confidence in cryptocurrency, supported by improved regulatory clarity and compliance focus [4] - Vanguard, a major asset manager, is reportedly reconsidering its stance on cryptocurrency trading, indicating a shift in institutional attitudes [4] - Bullish aims to provide institutional-grade performance and deeper liquidity for advanced traders in the U.S. market [5]