Is Bullish MiCA-licensed?
Status checked on 2 August 2026 against the official ESMA register
Yes, Bullish has a current MiCA register entry supervised by BaFin in Germany, dated Sep 2025. The facts table states the legal route when verified. Bullish is an institutional exchange and owns CoinDesk. Its German entity, Bullish Europe GmbH, completed a MiCA CASP authorisation with BaFin in September 2025 for trading and custody. The entity is eligible to use Article 65 after the required notifications.
Practical effect: The named EEA entity is supervised for the services in its current MiCA register entry. Conduct and disclosure rules apply. Safeguarding and custody liability depend on the service and the entity that holds the assets or funds. You can escalate complaints to BaFin.
Read what a CASP licence covers, or compare tracked licensed exchanges on register facts.
At a glance
- Supervising or reporting authority
- BaFin
- Registered EEA entity
- Bullish Europe GmbH
- Home state in register
- Germany
- MiCA register route
- Current entry with no separate route classification
- Register entry date
- Sep 2025
- EEA passporting
- Not verified
- Exchange type
- CEX
- MiCA services
- 5/10
MiCA service scope in the register · 5 of 10
The MiCA register records specific crypto-asset services. Bullish's recorded scope includes:
- Custody
- Exchange crypto/fiat
- Exchange crypto/crypto
- Execution of orders
- Transfer services
Common questions
Who regulates Bullish in the EU?
Bullish has a current MiCA register entry with no separate legal-route classification in our curated entry in Germany, dated Sep 2025. BaFin supervises the entry. The registered entity is Bullish Europe GmbH. The ESMA register is the source of truth for the current entity and service scope.
Can Bullish serve customers across the whole EEA?
A current MiCA register entry can support host-state notifications. We have not confirmed Bullish's notifications. Check the official records and the contracting entity for your country.
Does MiCA protect my funds on Bullish?
MiCA applies conduct and disclosure rules to the registered EEA entity for the recorded service. Safeguarding duties depend on which service and entity hold client crypto-assets or funds. Article 75 covers custody liability for attributable loss and caps that liability. MiCA does not provide a deposit guarantee, and crypto-assets can lose value.
How do I verify Bullish's licence myself?
Search the official ESMA CASP register for Bullish Europe GmbH. National regulators update the records each week. Use the official register as the authoritative source.
