Bullish (BLSH) Soars 20.7% as NYDFS OKs Virtual Currency License

We recently published 10 Stocks Stole the Show, 5 Hit Historic Highs. Bullish (NYSE:BLSH) is one of the best performers on Thursday..

Bullish extended its winning streak to a third straight day on Thursday, soaring 20.72 percent to end at $65.61 apiece as investors cheered the green light of the New York State Department of Financial Services (NYDFS) to provide digital asset trading services to institutions and advanced traders.

In a statement, Bullish (NYSE:BLSH) said its US arm, Bullish US Operations LLC, has received the NYDFS’ BitLicense and Money Transmission License, widely known as the ‘Virtual Currency Business Activity License,’ which allowed the company to provide asset spot trading and custody services.

“New York is widely recognized as being at the forefront of virtual currency regulation. Receiving our BitLicense and Money Transmission License from the [NYDFS] is a testament to Bullish’s commitment to regulatory compliance and our dedication to building trusted, institutional-grade digital asset infrastructure in key global markets,” said Bullish (NYSE:BLSH) CEO Tom Farley.

“As a former president of the New York Stock Exchange and a proud New Yorker, I look forward to Bullish’s contribution to the city’s thriving financial ecosystem,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.