Bullish Group, one of the leading providers of digital asset market infrastructure and information services, today announced that its German digital asset trading business received cryptoasset custody, proprietary trading, and principal brokerage licenses from the German Federal Financial Supervisory Authority (BaFin) on December 20, 2024. This marks a significant step in strengthening Bullish’s position within the EU.

“Receiving BaFin’s approval underscores Bullish’s commitment to operating under the highest regulatory standards,” said Tom Farley, Bullish CEO. “Germany’s position as a leading financial hub and its rapidly growing digital asset market present a significant opportunity. We are excited to bring our trusted capabilities to this dynamic market, providing institutions and professional investors with a secure, regulated environment for digital asset trading.”

Bullish DE’s launch in Germany positions the business to expand its services across the European Economic Area under the MiCA regulatory framework that came into full effect in the European Union on December 30, 2024, subject to regulatory approval.

Marco Bodewein joins Bullish DE as Managing Director

To lead Bullish DE’s business in Germany, the company has appointed Marco Bodewein as Managing Director. Bodewein brings extensive experience in financial services and digital assets, having previously served as a Member of the Management Board at futurum bank AG, a BaFin-regulated financial services institution specializing in crypto trading and custody. Additionally, he was the CEO of Bitcoin Group SE, an investment holding company that engages in cryptocurrency and blockchain businesses worldwide.

With deep expertise in working with regulatory authorities, balance sheet management, and a strong background in digital technologies like DLT and crypto, Bodewein is well-positioned to lead Bullish DE. He also brings a wealth of experience in merger integration and implementation-oriented strategic planning. 

“I’m honored to join Bullish DE and lead the company’s launch,” said Bodewein. “Having previously led a BaFin-regulated institution within the digital assets space, I understand the local market’s potential and the need for a secure, trusted partner like Bullish DE. We hope that as digital assets continue to gain traction in Germany, Bullish DE’s advanced offering will empower investors with the tools they need to trade with confidence. This is an exciting time for the market, and I look forward to building relationships with local stakeholders and partners.”