Hybrid Bullish Exchange gave the green light to institutional clients. A few weeks earlier, she had received from Gibraltar Financial Services Commission (GFSC) license Distributed Ledger Technology (DLT). Soon, the platform will also be available to retail customers.
Distributed Ledger Technology license and new opportunities
A few weeks ago, Bullish Exchange, which has more than $ 9 billion in liquidity, obtained a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC).
In this way, it was able to provide services related to trading cryptocurrency. This event preceded the opening of this hybrid exchange to institutional clients.
According to the official announcement, Bullish Exchange will start with three pots (Bitcoin, Ethereum i EOS) worth $ 1 billion each. Thus, the stock exchange gains an advantage over decentralized players, from which institutional investors rather try to avoid due to the lack of appropriate regulations.
New stock exchange infrastructure
Companies such as Virtu Financial and amber group. Thanks to the platform, they will be able to offer a wider range of services to institutional clients.
Bullish Director, Brendan Blumer, argues in turn that the stock exchange is the culmination of efforts aimed at creating a secure, regulated infrastructure for trading digital assets. At the moment, Bullish Exchange does not support retail clients yet, but as announced, they will soon be able to join the group of users.
In the case of Bullish Exchange, transactions and confirmations of individual orders will be recorded on blockchainie EOS. Currently it is used by, among others also the Pomelo crowdfunding platform, which has already completed over 70 projects.
This technology also caught the attention of Brock Pierce, a candidate for the US Senate, and the Venezuelan government.