- **Bullish** (NYSE:BLSH) announced on **September 17, 2025**, that its U.S. digital asset trading and custody business, Bullish US Operations LLC, has been granted a **BitLicense** and Money Transmission License by the **New York State Department of Financial Services (NYDFS)**.  **[1872195_0001104659-25-090600_tm2525633d2_ex99-1.htm:0]** 
- This license allows Bullish to provide **digital asset spot trading and custody services** to institutions and advanced traders in New York State.  **[1872195_0001104659-25-090600_tm2525633d2_ex99-1.htm:0]** 
- The company views this as a **significant regulatory milestone** for its growth in the U.S. and a testament to its commitment to regulatory compliance.  **[1872195_0001104659-25-090600_tm2525633d2_ex99-1.htm:0]**

Bullish secures New York BitLicense from NYDFS

- **Bullish (NYSE: BLSH)** has been granted a **BitLicense** and Money Transmission License by the **New York State Department of Financial Services (NYDFS)**.  **[1872195_20250917NY75778:0]** 
- This license permits Bullish to provide **digital asset spot trading and custody services** to institutions and advanced traders within New York State.  **[1872195_20250917NY75778:0]** 
- The company considers this a **significant regulatory milestone** for its U.S. growth and a demonstration of its commitment to regulatory compliance.  **[1872195_20250917NY75778:0]**

Bullish (BLSH)