Bullish Crypto Exchange Launch Date
A new cryptocurrency exchange is coming to the market, called Bullish, and it’s expected to launch later this year. The company recently acquired Payoneer, a digital payments company, which went public on the NASDAQ stock exchange in May. Last month, Payoneer merged with special purpose acquisition vehicle FTAC Olympus. The two companies are partnering to create a fully functional exchange that will let users trade in crypto.
The exchange will use EOS Public Blockchain and EOSIO to provide an audit trail of all transactions that are processed through the platform. This feature will allow Bullish to provide deeper liquidity for digital assets. Moreover, Bullish will utilize EOSIO, which produces an immutable, cryptographically validated audit trail of all transactions processed on the exchange. This will ensure externally-verifiable state integrity. To make it even more impressive, the exchange will provide trading tools that will allow users to make the most of their investments.
The Bullish Exchange’s proprietary Hybrid Order Book combines the high-performance of a traditional CLOB with the power of AMM, an algorithm that facilitates prices. bullish crypto exchange offer the opportunity to manage balanced portfolios with passive yields at scale. The company will also provide an order book to enable margin traders to make trades on their exchanges. So, the launch date is right in the middle of the crypto market.
Bullish Crypto Exchange
Moreover, Bullish’s SPAC plans to go public by the end of the year. The company has recently announced that it intends to merge with Far Peak, a special purpose acquisition company based in New York. If successful, the merger will value Bullish at $9 billion. Far Peak, meanwhile, will gain another $300 million through the PIPE. So, Bullish is now ready to take the world by storm.
After a limited launch to select institutions in November, the Bullish Exchange has already added $2 billion in liquidity and has already reached a daily trading volume of $150 million. Bullish is currently gearing up to merge with a New York Stock Exchange-listed company. The company has a $9 billion pro forma equity value, which includes approximately USD 600 million in net cash in trust and USD 300 million in committed private equity. If this merger goes through, Bullish will likely be ready to launch its cryptocurrency exchange in the second half of this year.
However, this may not be enough. The company’s current business strategy, cash resources, and future products and services, as well as the potential market for them, are all forward-looking statements. The risks and uncertainties associated with these statements are the reason why these statements may differ materially from actual results. And they are based on assumptions and estimates, which are inherently uncertain. Therefore, it’s important to understand the risks involved before making any investment decision.