Market News

(Bloomberg) -- Digital-asset exchange Bullish plans to apply for a license in Hong Kong as part of efforts to pursue international expansion, its Chief Executive Officer Tom Farley said.

• The firm has 110 employees in Hong Kong out of 260 globally, Farley said in an interview at a conference in Singapore on Wednesday.
• Some 75 staff are in the US and 40 in Singapore, as well as a couple of dozen in Gibraltar, Farley added.
• “We are going through the process of applying for a license in Hong Kong,” he said. “We have been there building an exchange for four years. It’s our biggest office.”
• Last month, the first licenses under Hong Kong’s new crypto regime went to HashKey Exchange and OSL, legalizing the retail trading of tokens there as officials seek to foster a digital-asset hub.
• The Bullish exchange is registered in Gibraltar and currently doesn’t provide services in the US, Canada, China, Japan, Israel and Russia, according to the company’s website.