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Exchanges / Wider check / Bullish
WIDER CHECK · NO SCORE · 9 OCT 2026

Bullish: what the sources say

MiCA authorized Limited search: no Rigor score

Key facts

Regulation, reserves, fees

MiCAAuthorizedBullish Europe GmbH, Frankfurt · Federal Financial Supervisory Authority (BaFin), Germany · 2025-09-04
Italian residentsNot verifiedRegistry check pending
Proof of reservesNot verifieddetails not verified
Spot fees (base tier)0.0% / 0.005%maker / taker

Reserves note: No Bullish proof-of-reserves publication found; third-party CryptoSlate lists proof of reserves as 'No' and describes 1:1 segregated custody. Not verified from Bullish primary page.

Track record

Incidents and regulator actions found

Security incidents

  • 2025-01-17 Bullish status page: problem with Market Data services; trading and custody halted on the exchange while services were restarted; deposits, withdrawals for 38 assets and custody affected. Outcome: Trading, AMM creation and custody withdrawals re-enabled 11:00 AM, deposits 10:30 AM; resolved 11:14 AM (about 3 hours). Page reports no loss of funds. source

Regulator and court actions

  • No regulator or court action found in our limited search.
Limits

What we could not verify

Not verified: OAM, Italian retail onboarding, proof of reserves, incidents and legal actions (none found in sources read, not exhaustively searched), withdrawal fees, other-jurisdiction licence details (third-party only). Regulator-action search (SEC filings, fines, lawsuits) returned only SEC F-4 filings, not read; no action found. Not verified: litigation sections of SEC filings.

Facts are as of 9 Oct 2026. We ran a limited number of searches per exchange, so an empty list is not proof that nothing happened. We did not check the Italian OAM register. Items from press or third parties are reports, not findings by an authority. If something here is wrong or out of date, send a correction with a source: corrections policy. Education only, not investment advice.

Sources

  1. [1] ESMA interim MiCA CASP register (CSV), Bullish Europe GmbH entry accessed 2026-10-09
  2. [2] Bullish IR press release: MiCAR licence uplift with BaFin (5 Sep 2025) accessed 2026-10-09
  3. [3] Bullish Help Center: Understanding fees (revised schedule effective 1 Oct 2026) accessed 2026-10-09
  4. [4] CryptoSlate: Bullish company profile (third-party) accessed 2026-10-09
  5. [5] Bullish Europe: individuals page accessed 2026-10-09
  6. [6] Bullish status page: market data incident 2025-01-17 accessed 2026-10-09