Who Owns Bullish Crypto Exchange?
Owns Bullish Crypto Exchange
Who owns Bullish Crypto Exchange? The question is: Who is behind this new exchange? With its recent launch of a limited trading platform for selected institutions in November, the exchange added approximately $2 billion in liquidity and has reached a daily trading volume of $150 million. However, the Bullish exchange is now moving towards a merger with an American blank check company. In August of this year, Bullish inked a $9 billion deal with Far Peak Acquisition Corporation, a SPAC.
The Bullish Exchange is backed by some powerful investors. Last year, the exchange made an announcement announcing that it plans to go public through a business combination with the FPAC. The company operates under the legal entity Bullish (GI) Limited, which is regulated by the Gibraltar Financial Services Commission. Investors include Peter Thiel’s Thiel Capital, Alan Howard, PayPal co-founder Richard Li, and Galaxy Digital’s Louis Bacon. It is also backed by the global investment bank Nomura and backed by the Apeiron Investment Group.
Despite its large number of employees, bullish crypto exchange is still hiring. A spokesperson for the company said that the company has laid off less than 30 employees out of more than three hundred and ninety-five people. Although this is a reduction of nearly 7% of the company’s workforce, the company is still hiring for engineering and product roles. This is in line with its long-term plans to build a global exchange.
Who Owns Bullish Crypto Exchange?
Despite the volatility, the crypto market is also marked by a human element. The crypto Twitter and conference circuits have become hubs for the community. While NFTs became popular in crypto during the last bull market, they didn’t exist in the bear market. They emphasize community over price, and are more enjoyable than enduring the 2018-19 bear market. This community is also centered around a few themes. One of these themes is sports crypto. Sports crypto is a great example of this, as these tokens enable sports teams to improve fan engagement.
Among the latest news, Bullish is about to go public. It has also announced plans to merge with special-purpose acquisition company Far Peak Acquisition Corp., which will add $2 billion to its current market cap. The combined entity will have an estimated valuation of $9 billion, and Blumer will serve as chairman. Far Peak CEO Thomas W. Farley will become CEO of Bullish. This deal is expected to close by the end of 2021 or first quarter of 2022.
Bullish has a website that offers a video presentation of its business. Its investor relations website also includes a video featuring Brendan Blumer. The company plans to revolutionize the traditional exchange through innovation and increased market integrity. The company plans to provide deep liquidity, automated market making, and industry-leading security. While it is currently unclear how the company will go public, it is expected to be regulated in the future.