The New York Department of Financial Services granted Bullish a virtual currency license to facilitate spot trading and custody services. This approval is expected to enhance liquidity in Bitcoin (BTC) and Ethereum (ETH), increasing institutional investor engagement in the crypto market.
The regulatory approval follows Coinbase’s similar achievement in 2021, which significantly bolstered institutional confidence in cryptocurrencies. Experts believe that such regulatory clarity is crucial for driving market participation and adoption of digital assets.
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