Bullish Global, a subsidiary of Block.one, will be launching a new cryptocurrency exchange called “Bullish” this year. It is backed by a number of prominent investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, and the investment bank Nomura.
Bullish Global Launching Bullish Exchange
Block.one, the software company behind the open source software EOSIO, announced Tuesday the launch of a newly formed subsidiary, Bullish Global, with over $ 10 billion in cash and digital assets.
Bullish Global is an independent entity and is focused on launching a new cryptocurrency exchange called Bullish. It is intended to “combine the performance, data protection and user compliance offered by the central order book technology with the vertically integrated user advantages of the decentralized financial market architecture (Defi),” the announcement states, adding:
The Bullish Exchange will offer its users new automated market making, lending and portfolio management tools to deliver functionality previously monopolized by established players in traditional finance while increasing the liquidity of digital assets.
The company continued: “Bullish will be EOSIO and the EOS Public blockchain to create a cryptographically validated, traceable and immutable audit trail for all transactions processed on the Bullish platform. “
According to the Bullish Exchange Launch News, the price was from EOS jumped nearly 50% in the last 24 hours. It is currently at $ 13.63 per coin.
Renowned investors who led the capital increase included the Thiel Capital and Founders Fund by Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Nov by Mike Novogratz, and the global investment bank Nomura. Peter Thiel, Alan Howard, Richard Li and Christian Angermayer will also serve as senior advisors to the company.
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