Crypto Exchange ‘Bullish’ Secures Regulatory Approval in Hong Kong

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🚀 Bullish Gets the Green Light! Is This the Crypto Comeback We’ve All Been Waiting For? 💰

Bullish, the crypto exchange that’s basically the love child of billionaire Peter Thiel and a blockchain, has just snagged some shiny regulatory approval from Hong Kong’s Securities and Futures Commission (SFC). 🎉 With this golden ticket, they can now offer securities dealing and automated trading services. Because who doesn’t want to trade their way to riches while sipping a latte? ☕️

We are excited to announce that #Bullish has received licensing approval from the Securities and Futures Commission to offer services to eligible customers in Hong Kong.

— Bullish (@Bullish) February 19, 2025

In a blog post that probably took longer to write than it did to get approved, the company announced that they can now provide regulated digital asset services to the lucky few in Hong Kong. This is all part of their grand plan to play nice within the regulatory sandbox while the crypto world gets a makeover under Donald Trump’s crypto-friendly administration. Who knew politics could be so… profitable? 🤷‍♀️

“This milestone is a testament to Bullish’s dedication to expanding our global footprint and continuing our commitment to being the most trusted digital asset exchange,” said Tom Farley, CEO of Bullish. Because nothing says “trustworthy” like a crypto exchange, right? 😏

The Hong Kong branch will initially cater to institutional and professional investors, which is just a fancy way of saying, “Sorry, regular folks, you can’t play yet.” But don’t worry, your time will come! ⏳

Bullish Eyes IPO in 2025

While they’re busy collecting regulatory approvals like Pokémon cards, Bullish is also reportedly gearing up for a public listing as early as 2025. Sources say they’re cozying up to Jefferies Financial Group to explore an initial public offering (IPO). Because what’s better than being a crypto exchange? Being a publicly traded crypto exchange! 💸

Crypto firms are starting to regain their swagger after a rough patch of regulatory scrutiny and market meltdowns. The potential IPO is like a big “We got this!” sign for Bullish’s long-term strategy. Talk about confidence! 💪

The growing love affair between mainstream investors and digital assets is another reason Bullish is pushing toward public markets. If this IPO happens, Bullish could strut its stuff as one of the most prominent publicly traded crypto exchanges, making institutional investors feel all warm and fuzzy inside. 🥰

Bullish Major Milestone in a Growing Market

The Hong Kong approval is just one feather in Bullish’s cap as they continue to expand their regulatory presence worldwide. They recently got the thumbs up from Germany’s BaFin, which is like getting a gold star in the world of crypto. 🌟 With these approvals, Bullish is positioning itself as one of the most regulated crypto exchanges in the world. Who knew being regulated could be so trendy?

In addition to their regulatory shenanigans, Bullish is also playing a starring role in the upcoming Consensus Hong Kong conference, happening from February 18 to 20 at the Hong Kong Convention & Exhibition Centre. This event, organized by CoinDesk (now part of Bullish Group), is like the Super Bowl of crypto, and it’s the first time it’s expanded outside the US in six years. Talk about a global takeover! 🌍

Brendan Blumer’s Block.one launched Bullish in 2021 with a jaw-dropping $10 billion in funding. The initial investment included $100 million in cash, 164,000 Bitcoin, and 20 million EOS tokens. Just your average Tuesday, right? 💁‍♀️

Later, they raised an additional $300 million in a strategic investment round, fueling their expansion into regulated markets. Because if you’re going to play the crypto game, you might as well go big or go home! 🏠

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2025-02-19 17:37