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.
“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.
.
.
Explore the latest crypto trends, Ethereum's status, Bitcoin ETFs, and crypto market dynamics. Learn about…
Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…
Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.
Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
This website uses cookies.