Bullish Launches Spot Trading in 20 U.S. States
Bullish, a digital asset platform, has introduced spot trading in the United States. Initially, it’s available in 20 states, including New York, California, and Florida.
This move comes shortly after Bullish secured a BitLicense from New York’s financial services department. The license allows the platform to operate legally in the state.
The launch is a significant step for Bullish.It went public on the New York Stock Exchange in August. Now, it’s expanding its services to more U.S. users.
What dose this mean for Bullish? It’s a milestone in the platform’s growth. Bullish has been operating since 2021. It’s among the top 10 crypto exchanges by volume for Bitcoin and Ethereum. its trading volume has surpassed $1.5 trillion.
Bullish’s U.S. expansion is supported by BitGo and Nonco.These are institutional clients. The support will allow Bullish to serve institutions like hedge funds and fintechs.It will also cater to advanced traders in the future.
chris Tyrer, president of Bullish, said, “U.S. institutions deserve better execution and deeper liquidity.” Bullish’s trading infrastructure combines a central limit order book and automated market making. This ensures stability in liquidity and trade execution.
U.S. users will enjoy zero maker fees for institutional accounts and zero trading fees for individual accounts. This launch adds to the top regulated exchanges in the U.S., led by Coinbase.
