Peter Thiel-Backed Exchange Bullish Begins Pilot Program
The pilot will use simulated crypto assets and paper money to give invited investors a sample of Bullish's trading interface.
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Bullish, the crypto exchange subsidiary of Block.one backed by Peter Thiel, Galaxy Digital and others, is to begin a seven-week pilot program.
- The pilot will use simulated crypto assets and paper money to give invited investors a sample of Bullish's trading interface, an announcement Tuesday said.
- Bullish is offering $525,000 in cash prizes divided up between participants who compete in simulated crypto trading games.
- The program starts today and will last until Sept. 13.
- Bullish was unveiled in May with more than $10 billion backing in cash and digital assets and is set for a public listing by the end of the year with special purpose acquisition company Far Peak Acquisition.
- It received a further $75 million earlier this month from SB Northstar, the investment arm of SoftBank.
Read more: The Bear Case for Bullish Is Spelled E-O-S
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
