Bullish Exchange Hits a Daily Trading Volume of over $300 Million

Bullish, a technology company developing products for the digital assets sector, announced today that since the initial launch of its flagship product, the Bullish exchange, total trading volumes on the platform have now exceeded US$5 billion and total 24-hour trading volume exceeded US$300 million on Jan. 25.

The trading platform, which launched in November 2021, leverages innovations in decentralized finance (DeFi) with regulatory compliance frameworks, giving institutional and retail traders access to deep liquidity and low-cost transactions.

Key 24-hour trading volume milestones on Bullish exchange since launch in November include:

• Nov. 30, 2021: US$5 million+

• Dec. 1, 2021: US$10 million+

• Dec. 7, 2021: US$50 million+

• Dec. 9, 2021: US$100 million+

• Dec. 14, 2021: US$150 million+

• Jan. 24, 2022: US$200 million+

• Jan. 25, 2022: US$300 million+

An evolution from the traditional exchange, Bullish's proprietary Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book (CLOB) with Automated Market Making (AMM) — a protocol that uses a mathematical algorithm to facilitate prices in a transparent, market-neutral, and deterministic manner. Bullish Liquidity Pools offer clients the ability to manage balanced portfolios while earning passive yields at scale across highly variable market conditions.

The Bullish exchange leverages a private blockchain in order to integrate the strategic advantages of blockchain's inherent capabilities into the platform design, and achieve a new degree of security, transparency, and resiliency. Combined with WebAuthn standards, which eliminate many security vulnerabilities inherent with passwords by using public key cryptography, users will experience a password-free authentication environment, creating a more secure onboarding process and ongoing account access.

Bullish previously announced its intention to go public on the NYSE through a business combination with Far Peak Acquisition Corp (NYSE: FPAC), a special purpose acquisition company. The Bullish exchange is operated by Bullish (GI) Limited and regulated by the Gibraltar Financial Services Commission.

Source: Business Wire