Bullish exchange, backed by PayPal co-founder Peter Thiel and founded with $10 billion in funding, has launched for its institutional investors. This start for institutional investors can be considered as the first step before the draft planned for private investors and institutions.
Platform, the developer company of EOS, started its activities by obtaining a distributed ledger technologies license from the Gibraltar Financial Services Commission (GFSC).
Bullish is currently recruiting corporate clients by invitation. The next step for Bullish will be to start serving individual customers as well. Among the first institutional participants to support Bullish are the overseas subsidiary of Nasdaq-listed global market maker Virtu Financial, and Amber Group, one of the world's largest crypto financial services providers.
Bullish listed four cryptocurrencies in the first place. These; It consists of BTC, ETH, EOS and USDC. It is stated that more cryptocurrencies will be supported in the coming period. Due to current laws, the exchange currently does not accept users from the USA. Bullish's investors include Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer as well as Galaxy Digital and global investment bank Nomura.
Douglas Cifu, CEO of Virtu Financial, said:
“We are excited to be among the first contributors to Bullish and to work with a team that is leading the evolution of digital trading platforms.”
Tiantian Usder, co-founder of Amber Group, also said;
“As a cryptocurrency-focused financial services provider, we are seeking opportunities to work with other industry leaders who improve accessibility and deliver unique solutions. We are delighted to be working with a company that will help us grow our trading and product offerings.”
Brendan Blumer, chairman of Bullish, said;
“For years, we have been working to meet the needs of investors who want to invest in digital assets on a regulated platform and to develop an exchange infrastructure built on a completely new architecture, built with innovative liquidity and portfolio management options. Bullish is the pinnacle of this work and I am proud of our team for getting us to where we are today.”