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Finance

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.

By Jamie Crawley
AccessTimeIconDec 21, 2021 at 12:32 p.m. UTC
Updated May 11, 2023 at 4:08 p.m. UTC
Brenden Blumer, co-founder of Block.one
Brenden Blumer, co-founder of Block.one

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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    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    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 employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Jamie Crawley
    Jamie Crawley

    Jamie Crawley is a CoinDesk news reporter based in London.

    Follow @JamieCrawleyCD on Twitter
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