Crypto exchange Bullish secures regulatory approval to offer service in Hong Kong

Crypto exchange supported by Peter Thiel, Haussier obtained approval from Hong Kong Securities and Futures Commission licenses for his Hong Kong arm.

Bullish Global, the exchange of cryptocurrency supported by Peter Thiel, obtained two licenses for his Hong Kong Arm, allowing it to offer automated traffic and negotiation titles, as well as approval to manage a virtual active active trading platform.

In a February 19 blog adThe exchange said that approval allows it to provide regulated digital asset services to eligible customers in Hong Kong.

Haussier general manager Tom Farley says that the license serves as a “testimony of the bull’s dedication to extend our global footprint and our continuation of our commitment to the exchange of the most reliable digital assets”. Bullish HK will start by serving institutional and professional investors. The license follows Bulnish regulatory approvals in Europe, including a Bafin in Germany.

In the meantime, Haussier Global seem to prepare For an IPO when the American market heats up again to the crypto. The cryptography firm would work on becoming a public in 2025 and would have worked with Jefferies Financial Group on the potential list. However, discussions are still underway and subject to change.

Brendan Blumer’s Block. Launched Haussiers in 2021, supporting the scholarship with $ 10 billion in funding. Its capital includes both money and crypto, starting with an initial injection of $ 100 million, 164,000 BTC and 20 million EO. Bulsish later raised an additional $ 300 million thanks to a strategic investment round.