Key Notes

Key Notes:

Bullish, backed by Peter Thiel, secured Hong Kong’s SFC approval to offer regulated crypto trading and securities services.The exchange eyes a 2025 IPO, working with Jefferies Financial Group, amid a broader crypto market revival.Founded by Brendan Blumer’s Block.one with $10 billion, Bullish expands globally, securing Germany’s BaFin license recently.

Bullish, the crypto exchange backed by billionaire Peter Thiel, has received key regulatory approval from Hong Kong’s Securities and Futures Commission (SFC). With this approval, the platform will be able to offer securities dealing and automated trading services.

We are excited to announce that #Bullish has received licensing approval from the Securities and Futures Commission to offer services to eligible customers in Hong Kong.

In a blog post on February 19, the company announced that it would now be able to provide regulated digital asset services to eligible customers in Hong Kong. The approval is part of the exchange’s wider push to operate within clear regulatory frameworks as the crypto industry gains mainstream recognition under Donald Trump’s crypto-friendly administration.

“This milestone is a testament to Bullish’s dedication to expanding our global footprint and continuation of our commitment to being the most trusted digital asset exchange,” said Tom Farley, CEO of Bullish.

The Hong Kong arm of the exchange will initially serve institutional and professional investors in line with the city’s evolving regulatory framework for digital assets.

While securing regulatory approvals, Bullish is reportedly preparing for a public listing as early as 2025. Sources indicate that the company is working with Jefferies Financial Group to explore an initial public offering (IPO). Though plans are still under discussion, the move aligns with the broader revival of crypto sentiment in US financial markets.

Crypto firms have been regaining momentum after a challenging period of regulatory scrutiny and market downturns. The potential IPO signals confidence in Bullish’s long-term strategy and its ability to operate within structured financial environments.

The growing adoption of digital assets by mainstream investors is another factor driving the company’s push toward public markets. If the IPO materializes, Bullish could become one of the most prominent publicly traded crypto exchanges, further legitimizing the industry in the eyes of institutional investors.

The Hong Kong approval comes as Bullish continues to expand its regulatory presence worldwide. Recently, the exchange secured licensing approval from Germany’s BaFin, solidifying its operations in Europe. With these approvals, Bullish is positioning itself as one of the most regulated crypto exchanges in the world.

In parallel with its regulatory progress, Bullish is playing a key role in the upcoming Consensus Hong Kong conference, scheduled from February 18 to 20 at the Hong Kong Convention & Exhibition Centre. The event, organized by CoinDesk, now part of Bullish Group, marks the first time Consensus has expanded outside the US in six years.

Brendan Blumer’s Block.one launched Bullish in 2021 with a massive $10 billion in funding. The initial investment included $100 million in cash, 164,000 Bitcoin BTC $96 656 24h volatility: 1.3% Market cap: $1.92 T Vol. 24h: $17.95 B , and 20 million EOS tokens. Later, the company raised an additional $300 million in a strategic investment round, fueling its expansion into regulated markets.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.

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