Bullish Expands Worldwide as Daily Trading Volume Tops $150M

Bullish’s public listing on the NYSE is expected to be completed in the first quarter.

Dec 21, 2021 at 12:32 p.m. UTC
Updated Dec 21, 2021 at 2:44 p.m. UTC

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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Jamie Crawley is a CoinDesk news reporter based in London.