Share this article
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.
Updated Sep 14, 2021, 1:31 p.m. Published Jul 27, 2021, 9:28 a.m.
Bullish, the crypto exchange subsidiary of Block.one backed by Peter Thiel, Galaxy Digital and others, is to begin a seven-week pilot program.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Fear and Greed Index in Fear 30% of the Past Year, Bitcoin Back in Extreme Fear
The latest death cross in November has so far marked a bottom of around $80,000, aligning with prior examples this cycle.
What to know:
- Over the past year, fear or extreme fear has accounted for more than 30% of all readings on the Crypto Fear and Greed Index.
- The index currently stands at 17, firmly within the extreme fear section.
- With bitcoin currently trading nearly 30% below its all time high, investor caution remains elevated.
Top Stories
