Bull Market Review
Bullish is a centralized exchange that occupies #147 on Guru InvestingExchange Tracker. Bullish trading volume is US$981,758,853 in the last 24 hours and US$273,918,829,860 in the last 7 days.
Bullish currently has 26 cryptocurrencies, 1 paper currencies and 36 markets (cryptocurrency trading pairs). The most popular trading pair in a bull market is BTC/USDC.
Compare Bullish next to other exchanges here: Exchange comparison tool.
Bullish is centralized cryptocurrency exchange (CEX) used for trading digital tokens. The trading platform was founded in November 2021. Registered in Gibraltar. Bullish Cryptocurrency Exchange uses private blockchain to take security, transparency, and sustainability to the next level.
Bullish is a regulated exchange.. It requires clients to verify their identity in accordance with KYC and AML standards requirements in the registration process. Users cannot register or trade on the Bullish cryptocurrency exchange without first completing the identity verification process. In addition, Bullish is licensed by the Gibraltar Financial Services Commission to regulate distributed ledger technology.
Bull cryptocurrency exchange services are not available in some countries, including the US, Canada, Japan, China, Israel and Russia.
The Bullish exchange platform is accessible through a desktop application. At the time of writing this article, the project does not have a mobile application.
Markets
Bull spot trading allows users to buy or sell orders without use. The trading platform does not support margin trading.
At the time of writing, the Bullish cryptocurrency exchange supports six tokens and seven trading pairs. Supported tokens: Bitcoin, Ether, EOS, USD Coin, Litecoin and Chainlink. Bullish trading pairs include one cryptocurrency market (ETH/BTC) and six cryptocurrency markets.
The Bullish cryptocurrency exchange operates with high performance. mechanism for matching the book of central order limits and DeFi-based order liquidity pools to run automated market making and farming services. The bullish order book combines the high performance of a traditional instrument. Central Limit Order Book (CLOB) With Automatic Market Maker (AMM). Each trading pair is governed by custom AMM instructions that reward asset holders who provide liquidity to the asset pair. AMM instructions enable clients to trade and profit on a large scale in highly volatile market conditions.
Additionally, note that bullish cryptocurrency prices are stabilized by deep liquidity and tight spreads.
The bull market fee structure uses manufacturer/recipient model. Makers pay no commission, while takers pay a nominal commission of 0.1%. The bullish cryptocurrency fee structure charges no fees to both makers and takers in the USDC/USD market.
Users also incur transaction fees charged by the respective blockchain when withdrawing cryptocurrency from the platform. The fee is as follows:
- BTC – 0.0005
- EOS – free
- US dollar – 5 US dollars
- ETH – 0.005
- Litecoin – 0.01
- LINK – 1
Withdrawing paper money also incurs bank fees. For example, Silvergate Bank charges $30 per transaction for USD withdrawals.
other services
Bullish offers users the opportunity to earn money through bid. They can deposit their funds into liquidity pools and earn decent interest. Liquidity pools are managed by the AMM protocol. Bullish also suggests API services which provide users with easy access to project services.
In addition, Bullish also provides multi-level storage solution. It combines self-governing hot wallets with complex multi-signature transfer protocols and only whitelists used for offline mode cold storage.
About company
Bullish was launched in 2021. The company was created as subsidiary of Block.onea blockchain company backed by popular investors such as PayPal co-founder and renowned venture capitalist Peter Thiel.
The current bullish trading volume can be viewed above. On January 25, 2022, bullish volume reached a record daily trading volume of $300 million, with total volume surpassing the $5 billion mark.
Bullish Cryptocurrency Exchange Announces Launch Longhorn, AMM update. The update brings unprecedented customization to the price range, spreads, and bids and offers generated on the Bullish cryptocurrency exchange.
Bullish seeks merger with special purpose acquisition company Far Pica Acquisition Corporation (New York Stock Exchange: FPAC). The move will see Bullish shares go public on the New York Stock Exchange. The merger was originally scheduled for 2022.
The bullish leadership team includes experts in financial services, blockchain and technology. The parent company Block.one has a reputable founder – Brendan Bloomer. Bloomer is a seasoned technology and blockchain expert who has previously successfully founded and led the growth of other technology companies. He launched “OKAY.com” and an enterprise data exchange platform for real estate brokers in Asia. He also co-founded the EOS blockchain.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
