Bitcoin

Block.ones Bullish Exchange Licensed by Gibraltar Regulators

Block.one, the developer of the EOS.IO protocol, the blockchain network of the EOS cryptocurrency, continues to grow with a cryptocurrency exchange called Bullish.

Official price increase announced 10 that its subsidiary Bullish Limited has received a Distributed Ledger Technology license from the Gibraltar Financial Services Commission (GFSC).

Regulatory approval is an important milestone before the exchange is launched. Block.one announced that it would set up an exchange in May 2021.

Block.one CEO and Bullish President Brendan Blumer said Gibraltar is emerging as a “leading blockchain and virtual asset hub” that could provide a platform for crypto-focused companies to “work securely and adhere to industry best practices “.

“Securing this license signals that the Bullish Exchange is a platform that institutional and private users can trust. It also underscores our commitment to industry leading customer protection, compliance and security prior to going public and continues our progress towards operations, ”said Blumer.

Block.one raised $ 10 billion earlier this year to launch a public blockchain-based cryptocurrency exchange EOS. Prominent bullish investors include Mike Novogratz, CEO of Galaxy Digital, billionaire hedge fund manager Alan Howard, PayPal co-founder and billionaire venture capitalist Peter Thiel.

Related: The Huobi Group moves to Gibraltar following the Chinese approach

While Bullish hasn’t released yet, the company has some ambitious plans. In July, Bullish announced its intention to list the company’s shares on the New York Stock Exchange with an initial value of $ 9 billion. The company is scheduled to go public through a merger with the special purpose vehicle Far Peak Acquisition, which will be led by former NYSE President Thomas Farley, who will assume the position of CEO of the company.

Gibraltar has attracted more crypto companies lately, with Huobi, one of the world’s largest cryptocurrency exchanges, moving its spot business to Gibraltar after leaving China.

.

.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

45 minutes ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

1 hour ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

2 hours ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

2 hours ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

3 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

4 hours ago

This website uses cookies.