Bullish Group secures regulatory approval in Hong Kong, strengthening its position as a leading global digital assets exchange

• Bullish HK Markets Limited received licenses required by the Hong Kong Securities and Futures Commission (SFC) to offer services to eligible customers in Hong Kong.
• The approval coincides with the launch of Consensus Hong Kong, presented by CoinDesk, part of the Bullish Group.

HONG KONG, February 18, 2025 – Bullish Group today announced that its Hong Kong digital asset trading business has received licensing approval from the Hong Kong Securities and Futures Commission (SFC).

The SFC has granted Bullish HK Markets Limited licenses for Type 1 (dealing in securities) and Type 7 (providing automated trading services), as well as for operating as a Virtual Asset Trading Platform, allowing the Bullish Exchange to offer services to eligible customers in Hong Kong. 

“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, Bullish CEO. “We believe that clear regulation is crucial for fostering trust in the digital asset industry, and we will continue to invest our efforts in expanding the compliant and regulated environment that Bullish Exchange has offered our customers and channel partners from day one.”

As digital assets gain wider adoption and greater positioning within investor portfolios, Bullish is committed to prioritizing regulatory frameworks in major financial markets. Recently, Bullish expanded its regulatory footprint in Europe by securing licenses from the German Federal Financial Supervisory Authority (BaFIN).

The upcoming Consensus Hong Kong event, presented by CoinDesk, part of the Bullish Group since its acquisition in November 2023, is designed to serve as a key platform for global industry leaders to engage in critical conversations on digital assets, blockchain, and Web3. Scheduled for February 18 to 20 at the Hong Kong Convention & Exhibition Centre, this marks the first time Consensus has expanded outside the U.S. in six years. As a global powerhouse for Web3, Asia is home to millions of crypto users, blockchain developers, and governments at the forefront of regulatory innovation.

“Hong Kong is emerging as a global fintech hub for Web3 innovation, where digital assets are quickly converging with mainstream traditional finance. We are proud to contribute to the growth of this vibrant ecosystem through our focus on ‘Liquidity & Visibility’,” said Michael Lau, Chairman of Consensus Hong Kong and Senior Vice President, Group Head of Business Development at Bullish. “With this license, we can provide Hong Kong with access to the liquidity of the Bullish Exchange. Additionally, we believe CoinDesk will enhance Hong Kong’s visibility as a forward-thinking digital assets hub through the Consensus conference. Together, we believe these efforts will strengthen Hong Kong’s important position as a leader in the digital asset landscape.”

Bullish HK will initially service professional and institutional investors in Hong Kong. To request more information please get in touch with a Bullish relationship manager.

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About Bullish Group

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish services are regulated in the United States, European Union, United Kingdom, Hong Kong, and Gibraltar. These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries. CoinDesk Data - a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. For more information, please visit bullish.com and follow LinkedIn and X.

Forward-Looking Statements

This press release may include “forward-looking statements” relating to future events or the Bullish Group’s future financial or operating performance, business strategy, and potential market opportunity. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Bullish Group, are inherently uncertain and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made, and the Bullish Group undertakes no duty to update these forward-looking statements.