source: official regulator registers

Bullish

EU · MiCA Authorised CA · Registered US · Registered (2 entities) US · Licensed HK · Licensed GI · Licensed (2 entities)

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Licensing: Genuine licence held (the EU/EEA (MiCA), US, HK, and GI)

Audit & reserves: Not yet researched

Bullish holds a genuine crypto-specific licence covering the EU/EEA (MiCA), US, HK, and GI. It first appears in our register on 2024-02-29 and is currently tracked across 34 jurisdictions through 6 legal entities. It also holds an AML-only registration (not a licence) in CA and US.

Countries covered (34)

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Bullish Europe GmbH

Regulator
Federal Financial Supervisory Authority (BaFin)
Home state
DE — Germany
LEI
2549008CBASK5Q680X12
Registered office
George Town, KY
Entity registered
2022-08-26
Authorised
2025-09-04
Services
Custody and administration of crypto-assets · Exchange of crypto-assets for funds · Exchange of crypto-assets for other crypto-assets · Execution of orders · Transfer services
Passported to
AT · BE · BG · CY · CZ · DE · DK · EE · ES · FI · FR · GR · HR · HU · IE · IS · IT · LI · LT · LU · LV · MT · NL · NO · PL · PT · RO · SE · SI · SK

Bullish (GI) Limited

Jurisdiction
CA
Regime
Canada MSB registration
Status
Registered
Reference
C100000016
Since
2024-02-29
Expires
2027-04-30

Bullish (GI) Limited

Jurisdiction
US
Regime
US FinCEN MSB registration
Status
Registered
Reference
29450723
Since
2024-09-25

Bullish US Operations LLC

Jurisdiction
US
Regime
US FinCEN MSB registration
Status
Registered
Reference
29466480
Since
2026-02-11

Bullish US Operations LLC

Jurisdiction
US
Regime
NY DFS Virtual Currency & Money Transmitter Licenses (BitLicense)
Status
Licensed
Since
2025-09

Bullish

Jurisdiction
HK
Regime
Hong Kong SFC VATP licence
Status
Licensed
Reference
BUQ956
Since
2025-02-18

Bullish (GI) Ltd

Jurisdiction
GI
Regime
Gibraltar DLT licence
Status
Licensed
Since

Bullish (GI) Markets Limited

Jurisdiction
GI
Regime
Gibraltar DLT licence
Status
Licensed
Since

What others report

Third-party ratings, not verified by us — each figure links to its original source. Kept separate from the regulator-sourced facts above and the first-party user reports below.

No third-party rating data collected yet for Bullish.

User reports

Community-sourced and reviewed before publication. Kept strictly separate from the regulator-sourced data above.

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In the news

Automated keyword matches against headlines from The Guardian, BBC, Cointelegraph, The Block, and the SEC's and DOJ's own press releases — tagged Regulatory when it's from a regulator directly or the headline itself uses regulatory language, General otherwise. Neither is a claim these are about Bullish specifically, or relevant to its regulatory status. Read before drawing any conclusion.

Is Bullish the best crypto exchange for you?

There's no such thing as the best crypto exchange in absolute terms — only the best fit for a given person's situation. The right choice for a business that needs a clean, auditable compliance trail is rarely the right choice for an individual just holding a small amount long-term, and both are different again from someone trading derivatives professionally. We don't recommend Bullish, or anyone else — we give you what's independently verifiable so you can make that call yourself.

Here's what we've actually verified about Bullish, specifically:

None of this tells you whether Bullish is right for you — that depends on what you're trying to do, which jurisdiction you're in, your own risk tolerance, and practical details this register doesn't track (fees, product range, day-to-day UX). What it does give you is what's actually checkable, so you're deciding from facts rather than the exchange's own marketing.

Sources: ESMA interim MiCA register (CASPS.csv), retrieved 2026-08-31 — original file · Canada FINTRAC MSB Registry, retrieved 2026-08-26 — original file · US FinCEN MSB Registrant Search, retrieved 2026-07-27 — original file · Hong Kong SFC VATP List, retrieved 2026-09-04 — original file · Gibraltar GFSC DLT Providers List, retrieved 2026-07-31 — original file · NY DFS List of Licensed Virtual Currency Entities, retrieved 2026-09-04 — original file .