'Bullish' Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura
'Bullish' Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura

‘Bullish’ Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura

A new cryptocurrency exchange called “Bullish” will be lanced this year by Bullish Global, a subsidiary of Block. one. It is supported by various leading investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, and investment bank Nomura.

Bullish Global Launching Bullish Exchange

Block. one, the software corporation behind the EOSIO open-source software, declared Tuesday the launch of a newly established subsidiary, Bullish Global, which is profited with over $10 billion in cash and digital assets.
Bullish Global functions as a self-governing entity and is centered on originating a new cryptocurrency exchange called Bullish. It is “designed to combine the enforcement, user privacy, and yielding offered by central order book technology with the vertically integrated user benefits of decentralized finance (Defi) market architecture,” the announcement notes, adding:

The Bullish exchange will offer new automated market making, lending, and portfolio management tools to its users to deliver functionality that has previously been monopolized by incumbent players in traditional finance, while driving deeper liquidity to digital assets.

The company further explained: “Bullish will utilize EOSIO and the EOS Public Blockchain to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the Bullish platform.”

Following the Bullish exchange launch announcement, the price of EOS bounced approximately 50% in the past 24 hours. It currently lasts at $13.63 per coin.

Bullish Global’s $10 billion primary funding from Block. one comprises $100 million, 164K BTC, 20 million EOS, and a $300 million vital financing round.

Amongst the distinguished investors heading the capital increase were Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Mike Novogratz’s Galaxy Digital, and global investment bank Nomura. Peter Thiel, Alan Howard, Richard Li, and Christian Angermayer will also serve as senior advisors to the company.

What do you think about this cryptocurrency exchange Bullish? Let us know in the comments section below.

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