According to TechFlame, according to CoinDesk, the US New York Department of Financial Services has issued a virtual currency business activity license to Bullish US Operations LLC, enabling it to provide spot trading and escrow services to New York institutions and advanced traders. The trading platform is currently regulated in the US, Germany, Hong Kong, and Gibraltar, and positions itself as an institutional-level liquidity venue, combining a central price limit order book with automated market making. The license granted this time will help it expand in the US market.