TLDR
- Bullish rebounds post-drop with U.S. spot trading launch in 20 states.
- BLSH climbs after-hours as U.S. trading goes live in key states.
- Bullish gains U.S. traction, trading now live in California & NY.
- BLSH dips 4.4% but rebounds on regulated U.S. market entry.
- Bullish enters U.S. spot trading, drives institutional crypto push.
Bullish (BLSH) saw a rebound in after-hours trading, gaining 1.45% to close at $61.69 after a 4.40% decline. The drop earlier in the day followed a peak in morning trading, but optimism returned following major U.S. expansion news. The stock’s movement reflects rising attention toward Bullish’s growth in the crypto trading space.
Bullish Launches U.S. Spot Trading After Securing Licenses
Bullish officially launched its U.S. spot trading services after gaining regulatory approvals in New York and multiple other states. The platform now operates legally in 20 jurisdictions, including major markets like California, New York, Florida, and Washington, D.C. These licenses include the BitLicense and a money transmission license from the New York State Department of Financial Services.
With this regulatory milestone, Bullish enters the U.S. market, having operated internationally since 2021. The company has surpassed $1.5 trillion in cumulative trading volume during its global operations. Despite its global scale, this is the first time Bullish offers direct trading services within the United States.
The platform debuted U.S. trading by onboarding two key institutional partners—BitGo and Nonco—highlighting its focus on advanced clients. It targets hedge funds, market makers, proprietary firms, and fintech institutions. The company also plans to extend access beyond the initial 20 states as part of its U.S. rollout strategy.
Bullish Strengthens Institutional Offering with New Features
Bullish continues to position itself as an institutional-first trading platform with performance features designed for professional strategies. It offers a hybrid model that combines a central limit order book (CLOB) with automated market making (AMM). This design aims to ensure deep liquidity and consistent trade execution in all market conditions.
Institutional accounts on Bullish enjoy zero maker fees, while advanced individual traders benefit from zero trading fees. These incentives make Bullish highly competitive among U.S.-based crypto exchanges. The platform’s structure appeals to serious traders who seek speed, reliable execution, and regulatory clarity.
Bullish adheres to full-reserve custody principles, emphasizing transparency and trust for its users. The exchange’s infrastructure is built to handle institutional trading demands and maintain high compliance standards. These features allow Bullish to stand out as regulatory focus tightens across the U.S. crypto market.
Bullish listed on the New York Stock Exchange in August, and the current price remains 70% above its IPO level. The recent launch into the U.S. aligns with its broader goal of expanding institutional access in regulated markets. With Coinbase leading the U.S. market, Bullish’s entry adds a strong competitor.
