Crypto platform Bullish (BLSH) has officially launched spot trading in the United States after securing both a BitLicense and a money transmission license from the New York State Department of Financial Services (NYDFS) last month.

Trading is now live in 20 U.S. states and territories, including California, New York, and Washington, D.C.

Though new to U.S. users, Bullish has operated internationally since late 2021 and has already processed over $1.5 trillion in cumulative trading volume, the exchange said. The crypto platform, which owns CoinDesk, went public on the New York Stock Exchange (NYSE) in August. The stock is currently trading at $63.36 a share, 70% higher than its IPO price.

The exchange, which caters solely to institutional clients, features a hybrid model combining a cent

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