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Bullish (BLSH) Launches U.S. Spot Crypto Trading Following NYDFS Approval

Bullish offers zero maker fees and ultra-low taker fees with full-reserve custody, serving institutional clients in 20 U.S. states under a New York State Department of Financial Services license.

  • On Oct. 1, 2025, Bullish launched spot trading in the United States after receiving a BitLicense and Money Transmission License from the New York State Department of Financial Services.
  • Regulatory momentum in Washington and New York supports Bullish's U.S. entry, driven by growing institutional confidence and New York State's stringent BitLicense regime.
  • Offering 0% maker fees for institutional accounts and 0% trading fees for individual accounts, Bullish uses a hybrid model with a central limit order book and automated market maker and operates full-reserve custody standards.
  • Having processed over $1.5 trillion, Bullish ranks among the top ten venues for Bitcoin and Ether trading volume, marking a key milestone for its global trading venue.
  • On day one, Bullish onboarded Nonco and BitGo, targets hedge funds, proprietary trading firms, market makers, fintechs and neobanks, and is live in 20 U.S. states with a waitlist.
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The Bullish platform officially launched its cryptic trading service in the U.S. after obtaining licenses from NYDFS, consolidating its international expansion based on one of the most representative nations for the crypto sector. *** Bullish starts operations in 20 U.S. states. It processed more than $1.5 billion in global volume since 2021. Its shares in NYSE are listed 70% above the output price. Bullish, Peter Thiel’s platform, begins operat…

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TokenPost broke the news in on Wednesday, October 1, 2025.
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