Is Bullish a Scam? Regulation Check 2026
The Bullish entry was pulled from the BMA (Bermuda DABA) register. This is what the public record returns.
Verdict
The record clears Bullish: it holds BMA (Bermuda DABA) licence Registered, which clears it to offer trading in BM.
How to verify on the official register
| Regulator | BMA (Bermuda DABA) BMA (Bermuda DABA) |
| Licence Number | Registered |
| Regulated Entity | Bullish |
| Founded | 2021 |
| Listed | NYSE:BLSH — publicly audited |
What BMA (Bermuda DABA) regulation means
Under BMA (Bermuda DABA), an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with BMA (Bermuda DABA) directly.
What the BMA (Bermuda DABA) registration buys you
- Client funds ring-fenced in segregated accounts, apart from Bullish's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to BMA (Bermuda DABA) for a complaint should Bullish leave one unresolved
- Independent financial audits of Bullish, run on a schedule under BMA (Bermuda DABA) oversight
Frequently Asked Questions
Is Bullish a scam or legitimate?
The record clears Bullish. It holds BMA (Bermuda DABA) licence Registered, and BMA (Bermuda DABA) ranks among the most respected financial regulators — the entry confirms in public on the BMA (Bermuda DABA) register.
How do I check Bullish's BMA (Bermuda DABA) licence?
Open the official BMA (Bermuda DABA) site and run its register search. Key in licence Registered or the entity name; the entry returns Bullish's authorisation status and the exact scope of its permissions.
Are my funds safe with Bullish?
Under BMA (Bermuda DABA), Bullish is required to hold client funds in segregated bank accounts, walled off from company money — cover that stands even if Bullish runs into trouble.
What protection do I have as a Bullish client in BM?
In BM, Bullish answers to BMA (Bermuda DABA). On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with BMA (Bermuda DABA).
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