Crypto exchange Bullish said it is expanding to over 40 jurisdictions in Asia-Pacific, Europe, Africa and Latin America, giving institutional and retail investors access to its liquidity pools totaling more than $2 billion.
- Since it opened in November, the exchange has achieved 24-hour total trading volume of over $150 million, Bullish announced Tuesday.
- It has also “hydrated its proprietary liquidity pools” with more than $2 billion of cash and digital assets, according to the announcement.
- First unveiled in May, Bullish has been backed by a number of notable investors, including digital asset manager Galaxy Digital and PayPal co-founder Peter Thiel, and capitalized with more than $10 billion in cash and digital assets, including 164,000 BTC.
- The exchange, regulated by the Gibraltar Financial Services Commission, is set for a public listing on the New York Stock Exchange via a merger with the special purpose acquisition company Far Peak Acquisition. Originally scheduled for this year, the deal is now set to complete in the first quarter of 2022.
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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.