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5/11, 2:20 PM (Source: TeleTrader)
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Block.one to launch crypto exchange Bullish

Software company Block.one announced on Tuesday the creation of a new subsidiary, Bullish Global, which will focus on the release of Bullish, a blockchain-based cryptocurrency exchange. Bullish Global has amassed over $10 billion in cash and digital assets, according to its parent firm, and is expected to launch the exchange later this year.

"The Bullish exchange will offer new automated market making, lending, and portfolio management tools to its users to deliver functionality that has previously been monopolized by incumbent players in traditional finance, while driving deeper liquidity to digital assets," Block.one stated. "Bullish will utilize EOSIO and the EOS Public Blockchain to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the Bullish platform. In doing so, it will be the first to bring externally verifiable state integrity to a high-performance trading and asset management platform."

Breaking the News / DJ