Bullish, a crypto exchange backed by Peter Thiel, has secured regulatory approval from Hong Kong’s Securities and Futures Commission (SFC), making it the 10th licensed platform in the city. This approval strengthens Hong Kong’s push to become a regional digital asset hub. The SFC is reviewing applications from eight more platforms as part of its broader crypto regulatory framework. Bullish’s entry expands options for institutional and retail traders, aligning with Hong Kong’s growing interest in digital finance. As regulatory clarity improves, the city aims to attract more blockchain firms, fostering innovation while ensuring compliance and investor protection.