Bullish has secured a coveted BitLicense from the New York State Department of Financial Services, clearing the way for the crypto exchange to operate in one of the toughest US jurisdictions.

The license, confirmed in a company statement on Wednesday, positions Bullish to expand into the American market after years of focusing abroad.

New York’s BitLicense, created in 2015, is widely seen as one of the strictest state regimes for digital asset firms. It requires licensees to meet stringent anti-money laundering and know-your-customer standards, hold sufficient reserves, and demonstrate strong cybersecurity protections. Fewer than 40 firms have obtained the license to date,…

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