Block.one and partners raised $10 billion to launch an EOS-based cryptocurrency exchange: Bullish Global»CryptoNinjas
Block.one, the company behind EOSIO Open source blockchain software, Today announced the establishment of a newly established subsidiary Bullish Global.
As an independent entity operating under the parent company of Block.one, Bullish Global plans to launch a new blockchain-based cryptocurrency exchange sometime this year, aiming to combine the performance, user privacy and Compliance is combined with vertical integration. User benefits of decentralized finance (DeFi) market architecture.
Powered by EOS blockchain
The bullish exchange will provide its users with new automated market making, lending and portfolio management tools.Bullish will take advantage of EOSI And EOS public blockchain to generate a password-verified, provable and immutable audit trail for all transactions processed by the Bullish platform.
In this way, it will be the first company to introduce external verifiable state integrity into a high-performance trading and asset management platform.
After Block.one’s initial capital injection of US$100 million, 164,000 BTC and 20 million EOS, Bullish Global has obtained more than US$10 billion in cash and digital assets, and completed another US$300 million in strategic investment.
Investors leading the financing include Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Lee, Christian Angmayer, Galaxy Digital and Global Investment Bank Nomura. In addition to participating in Bullish Global’s latest round of financing, Peter Thiel, Alan Howard, Richard Li and Christian Angermayer will also serve as senior advisors to the company.
“The bullish exchange will use blockchain technology and new market architecture to transparently automate expensive third-party functions and turn them into income-generating portfolio management tools, thereby providing institutions and individuals with better and more secure Access channels to completely change the high-performance trading landscape. The latest cryptocurrency investment strategy,” said Brendan Blumer, CEO of Block.one.