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Trade with deep liquidity & tight spreads.

Bullish Europe (BEU) leverages innovations of decentralized finance (DeFi) within a regulated framework so you can execute fast, reliable crypto trades with near-zero spreads, even in volatile markets.

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The order book

A unique source of deep, consistent liquidity.

BEU taps into Bullish exchange’s order book which combines the high performance of a central limit order book (CLOB) with deep, deterministic liquidity from our automated market maker (AMM). This combined source of liquidity creates a more reliable order book for digital assets.

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Central limit order book.

BEU's customers can place conventional order types, such as market maker order and limit order consistent across TradFi and digital assets platforms.

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Automated market maker.

BEU leverages Bullish exchange's proprietary AMM which generates thousands of bids and offers using liquidity exclusively available on its platform. These bids and offers create greater depth across variable market conditions, making Bullish Europe more reliable and efficient than other trading venues—centralized or decentralized.

spot trading

Best execution with low-cost, reliable liquidity.

mobile phone with a page on Bullish titled 'order entry'

Using Bullish exchange's best-in-class order matching engine:

1. Matching on a price (per tick) and time priority.

2. Fully automated execution–no manual intervention.

3. Designed to minimize slippage with near-zero spreads.

No maker fees and 0-3 bps taker fees*.

*Tier and market group dependent

Margin trading

Capital-efficient borrowing, on demand.

As a trader, enable margin on any sub-account to:

Auto-borrow ("borrow-to-trade" when needed.

Auto-repay to minimize funding costs.

Utilize cross-asset
collateralization, including assets locked in limit orders.

Bullish has safeguards in place if liquidation gets too high:

Active increases in leverage are restricted beyond a predetermined level.

If margin requirements continue to increase due to external factors, the use of smart partial liquidation from 6x will help manage risk, aiming to prevent full liquidation.

Important note: Margin trading is high risk and only available to eligible professional investors in select locations.

Learn more on the Help Center

Derivatives

Perpetuals, dated futures, and options with cross-collateralized, real-time risk management.

Images shown are for illustrative purposes only.

Image of a laptop computer with a Bullish portfolio screen.

Regulated.

Bullish is licensed by the Hong Kong Securities and Futures Commission (SFC), which applies international regulatory standards and supervisory best-practices.

Compliant.

We conduct rigorous customer due diligence through mandatory KYC/ KYB verification, regular AML checks, and consistent transaction and trade monitoring safeguards and multi-factor authentication.

Secure.

Bullish Europe combines industry leading technology and operational procedures developed by security and custody experts to ensure customers’ digital assets remain secure.

Not investment advice. Digital assets and related products are high risk. Consult your professional advisor and trade responsibly. Services are available to eligible customers in select locations. Visit legal for more important information and risk warnings.

Bullish is regulated by the German Federal Financial Supervisory Authority (BaFIN ID 10162355), the Hong Kong Securities and Futures Commission (CE No BUQ958) and the Gibraltar Financial Services Commission (GFSC 119714). In the United States, Bullish US Operations LLC is regulated by the New York State Department of Financial Services (NYDFS 0000046), registered as a Money Services Business with FinCEN (31000322312230), and licensed as a money transmitter in select states.