Bullish Cryptocurrency Exchange Launches Private Pilot Program

Cryptocurrency exchange Bullish is launching a 7-week private pilot program, a major step towards public launch later this year.

Through the bullish trading interface, Pilot attendees will have access to features and services, including its proprietary hybrid order book. Other features and services include spot trading, margin trading, and increasing returns through bullish liquidity pools. This last feature is one of the first decentralized finance (DeFi) features that an exchange will use.

Through the use of mock crypto assets and paper money, program participants will provide valuable feedback to facilitate a frictionless launch. se pilot participants will be selected by retail and institutional investors who meet specific requirements.

pilot will not involve feature activation or require full onboarding during this initial phase. However, to fully test capabilities, product functionality, exchange operations, and customer support will mimic the conditions for full launch.

Participation award

Bullish offers an additional incentive to encourage participation and feedback in the pilot program. cryptocurrency exchange will award a total of $ 525,000 in cash prizes to three eligible competing participants.

Each game will have a jackpot of $ 175,000, with a first place prize of $ 100,000. Meanwhile, the second and third place winners will receive $ 50,000 and $ 25,000 respectively. If ineligible, the winner’s cash prize will be donated to a charity. private pilot is expected to operate from July 27 to September 13.

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Bullish progress

Bullish has had several developments since it was first announced in early May this year. cryptocurrency exchange seeks to combine the performance, privacy, and compliance of traditional exchanges with the vertically integrated user benefits of decentralized finance. project will offer several features that have traditionally been offered only in traditional finance. se will include automated market making, loan and portfolio management tools.

In June, Bullish announced that it was in merger talks with a special purpose acquisition company (SPAC) Far Peak. This then became official in July. Meanwhile, SoftBank’s SB Northstar will invest $ 75 million in cryptocurrency exchange Bullish, which will give the company 7.5 million shares.

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