Bullish (NYSE: BLSH) announced the launch of spot trading in the United States, marking the company’s entry into the domestic digital asset market. The platform is now operational in 20 states following regulatory approval from the New York State Department of Financial Services, which granted the company a BitLicense and Money Transmission License.
The digital asset exchange targets institutional clients and advanced individual traders, offering zero maker fees and low taker fees for institutional accounts, while providing zero trading fees for individual accounts. The platform combines a central limit order book with automated market maker technology to provide liquidity and trade execution capabilities.
Bullish reports it has processed over $1.5 trillion in cumulative trading volume since late 2021 and ranks among the top ten exchanges for Bitcoin and Ether trading volume, according to CoinMetrics data. The company secured day one institutional clients including Nonco and BitGo for its U.S. launch.
The platform is currently available to users in Arizona, Arkansas, California, Colorado, Delaware, Florida, Hawaii, Indiana, Michigan, Missouri, Montana, New Hampshire, New Mexico, New York, Puerto Rico, Utah, Virginia, Washington D.C., West Virginia, and Wyoming. Users in other states can join a waitlist for future access.
“U.S. institutions deserve better execution, deeper liquidity, and platforms built for the unique demands of their respective strategies,” said Chris Tyrer, President of Bullish Exchange.
The platform features high-throughput APIs for programmatic trading strategies, regulated custody standards, and compliance oversight by the New York State Department of Financial Services. Bullish operates as a global digital asset platform providing market infrastructure and information services across multiple jurisdictions including the European Union, Hong Kong, and Gibraltar.
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