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Bullish Expands Worldwide as Daily Trading Volume Tops $150M
Bullish’s public listing on the NYSE is expected to be completed in the first quarter.
Updated May 11, 2023, 4:08 p.m. Published Dec 21, 2021, 12:32 p.m.
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Crypto exchange Bullish said it is expanding to over 40 jurisdictions in Asia-Pacific, Europe, Africa and Latin America, giving institutional and retail investors access to its liquidity pools totaling more than $2 billion.
- Since it opened in November, the exchange has achieved 24-hour total trading volume of over $150 million, Bullish announced Tuesday.
- It has also “hydrated its proprietary liquidity pools” with more than $2 billion of cash and digital assets, according to the announcement.
- First unveiled in May, Bullish has been backed by a number of notable investors, including digital asset manager Galaxy Digital and PayPal co-founder Peter Thiel, and capitalized with more than $10 billion in cash and digital assets, including 164,000 BTC.
- The exchange, regulated by the Gibraltar Financial Services Commission, is set for a public listing on the New York Stock Exchange via a merger with the special purpose acquisition company Far Peak Acquisition. Originally scheduled for this year, the deal is now set to complete in the first quarter of 2022.
Read more: The Bear Case for Bullish Is Spelled E-O-S
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
Ano ang dapat malaman:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
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