Bulsh (BLSH) increased by 10% on Thursday after the Crypto exchange has taken a key step necessary for its breakthrough on the American market.
The company, which also has the publication Coindesk, said its first quarterly results since its appearance last month on the New York Stock Exchange at a Splashy start.
In the CEO of Gains Call, Tom Farley, former president of the NYSE group, announced that the scholarship has received a key license from New York, essential to its expansion of the business model.
“Although we have already had the capacity to operate in many states because of our regulatory approval, we have refrained from launching our exchange in the United States until we returned the Bitlicense of the New York State Financial Services Department,” said Farley.
“We received this license yesterday, and we are impatient to bring our exchange and our main liquidity from the United States from afar, and we believe that it is by far the largest geographic market,” he added.
Bernstein analyst Gautam Chhugani, and his team wrote “Bullish remains on the right track for a successful American launch and a deployment of crypto options (expected Q4’25e) – offering key growth catalysts for the next quarters.”
“Bulsish now has several level 1 regulatory licenses (German Bafin, Hong Kong SFC and US Bitlidense) on the main cryptographic markets, strengthening its positioning as a global regulated institutional cryptography exchange,” he added.
