Digital asset platform Bullish has obtained a BitLicense from the New York State Department of Financial Services, enabling it to offer spot trading and custody services to institutional clients and advanced traders in New York. Already regulated in the US, Germany, Hong Kong, and Gibraltar, Bullish's acquisition of the BitLicense marks a significant step in its US expansion strategy and commitment to regulatory compliance. Analysts anticipate Bullish will officially launch in the US in 2026, potentially capturing 8% of the institutional spot crypto market by 2027.