United

Wednesday

Generation

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<h3 class="wp-block-heading" id="h-key-insights">Key Insights:</h3>
<ul>
 <li>Bullish crypto exchange, backed by Peter Thiel, gains a BitLicense from NYDFS to expand US foothold.</li>
 <li>The license from the NYDFS enables Bullish to offer crypto spot trading and custody services to institutions and advanced traders.</li>
 <li>BLSH stock soars 4% on Wednesday after opening higher during the premarket trading hours.</li>
</ul>
Bullish crypto exchange, backed by venture capitalist Peter Thiel, has secured a BitLicense and Money Transmission License from the&nbsp;New York State Department of Financial Services (NYDFS).
It would help the crypto exchange expand its global footprint. The announcement triggered a slight rebound in BLSH stock price on Wednesday.
<h2 class="wp-block-heading" id="h-peter-thiel-backed-bullish-crypto-exchange-receives-nydfs-license">Peter Thiel-backed Bullish Crypto Exchange Receives NYDFS License</h2>
Bullish US Operations LLC, a U.S.-based subsidiary providing digital asset trading and custody services, has <a href="https://bullish.com/news-insights/news/bullish-secures-new-york-bitlicense-from-the-nydfs-paving-way-for-u-s-launch/" target="_blank" rel="noopener noreferrer nofollow">received</a> a BitLicense from the New York State Department of Financial Services (NYDFS).
The license allows Bullish crypto exchange, renowned for backing from Peter Thiel, to offer crypto spot trading and custody services to institutions and advanced traders in New York State.
Commenting on gaining a BitLicense, Bullish CEO Tom&nbsp;Farley said the license highlights Bullish’s commitment towards compliance, building trusted products, and offering institutional-grade digital asset infrastructure in key global markets. He stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “As a former President of the New York Stock Exchange and a proud New Yorker, I look forward to Bullish’s contribution to the city’s thriving financial ecosystem.”
</blockquote>
The growing regulatory landscape under the Trump administration continues to drive crypto adoption in the United States.
Wall Street plans to bring traditional financial instruments such as stocks, bonds, and treasuries on-chain through tokenization.
The crypto exchange, backed by Peter Thiel, claims institutions and advanced traders in New York will get to use regulated, high-performance digital asset services from the firm.
<h2 class="wp-block-heading" id="h-cathie-wood-s-ark-invest-buys-bullish-blsh-stock">Cathie Wood’s Ark Invest Buys Bullish (BLSH) Stock</h2>
Cathie Wood’s asset management firm Ark Invest added additional stocks of crypto exchange Bullish to its ETFs. Notably, Cathie Wood purchased $8.27 million worth of BLSH stock on Tuesday.
Ark Invest revealed that its ARK Innovation ETF (ARKK) bought 120,609 shares of Bullish, while ARK Next Generation Internet ETF (ARKW) purchased 40,574 shares.
BLSH stock closed 0.55% higher at $51.36 on Tuesday. In the pre-market trading hours on Wednesday, the stock jumped more than 0.45%. The stock has opened 4% higher at $53.25.
Notably, the stock faced massive demand after the Bullish IPO on the New York Stock Exchange last month. However, the demand quickly faded amid rising uncertainty and volatility in the market.
Cathie Wood has also been investing in Ethereum Treasury stock <a href="https://www.thecoinrepublic.com/2025/07/29/cathie-woods-ark-buys-bitmine-nvidia-sells-coinbase-robinhood-stocks/" rel="noopener noreferrer nofollow">Bitmine Immersion</a>. Ark Invest sold Coinbase holdings across three ETFs to accumulate BMNR stock, as it is supported by Fundstrat’s Tom Lee.
<h2 class="wp-block-heading" id="h-bullish-stock-soars-but-crypto-market-awaits-fed-rate-cut">Bullish Stock Soars But Crypto Market Awaits Fed Rate Cut</h2>
Crypto market now awaits the Fed Interest Rate Decision and the FOMC Economic Projection scheduled to be released today, as investors look for more cues on market direction in the coming weeks.
While BLSH stock rises, the stock price of other listed crypto exchanges, Coinbase (COIN) and Gemini (GMNI), fell in the pre-market hours.
Having said that, it seems that the latest license secured by Peter Thiel-backed Bullish has helped gain in it. It’s worth noting that the exchange has gained notable traction in the crypto market since the Bullish IPO.
However, shares of Bitcoin treasury firm Strategy (MSTR) were down slightly by 0.20% at $334.44 today. The stock has rebounded nearly 2% in a week.
Meanwhile, the Ethereum treasury Bitmine Immersion (BMNR) stock price fell 0.59% at the time of writing. If it rises further, the Ethereum price could continue to hold its upside momentum.
BTC price has jumped nearly 1% to $116,278 in the past 24 hours, with the traders awaiting interest rate cuts from the Federal Reserve. The 24-hour low and high were $114,813 and $117,328.61, respectively.
Ethereum price has continued to trade near $4,500 for the last two days, with the price trading at $4,490 at the time of writing. The 24-hour low and high were $4,428 and $4,524, respectively.
The post <a href="https://www.thecoinrepublic.com/2025/09/17/peter-thiel-backed-bullish-crypto-exchange-secures-bitlicense-blsh-stock-climbs/" rel="noopener noreferrer nofollow">Peter Thiel Backed Bullish Crypto Exchange Secures BitLicense, BLSH Stock Climbs</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Peter Thiel Backed Bullish Crypto Exchange Secures BitLicense, BLSH Stock Climbs

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