CAYMAN ISLANDS - May 13, 2024 - Bullish, one of the fastest-growing, regulated digital asset exchanges, today announced its integration with Hidden Road, the global credit network for institutions.

The integration provides Hidden Road’s broad institutional customer base with access to Bullish exchange’s low-cost liquidity and best execution in crypto’s biggest assets across spot, margin, and perpetual futures trading.

“We are delighted to welcome Hidden Road to the Bullish exchange and proud to be a trusted trading partner to their established network of institutional investors,” said Tom Farley, Bullish CEO. “Our integration further demonstrates that Bullish’s regulated, compliant, and secure trading platform provides a clear pathway for institutions to engage with digital assets.”

Hidden Road is recognized as an innovative, multi-asset prime broker serving a diverse range of institutional investors including hedge funds, proprietary trading desks, and retail brokerages across foreign exchange, futures, swaps, synthetics, and digital assets. The integration with Bullish further enhances its institutional offering in the digital assets ecosystem by unlocking secure, seamless access to the market-leading order book depth and tight spreads offered on the Bullish exchange.

“Hidden Road’s top priority is to bring our clients capital-efficient access to a variety of products and trusted providers across asset classes,” said Michael Higgins, International CEO and Global Head of Business Development at Hidden Road. “Adding Bullish to our growing roster of partnerships and integrations reaffirms this commitment, and we are pleased to offer our counterparties access to this leading digital asset venue.”

Since its launch in November 2021, Bullish exchange has surpassed over $585 billion in total trading volume, and in 2024, executes over $1.8 billion in average daily volume - consistently ranking in the top five exchanges by spot volume for Bitcoin and Ether^[1]. Bullish has quickly become a top-tier institutional-focused digital assets exchange, known for leveraging its proprietary automated market making (AMM) technology to offer best execution trading, deep liquidity, and tight spreads in the largest digital asset pairs in crypto.

Regulated by the Gibraltar Financial Services Commission (GFSC) and audited by Deloitte, Bullish exchange brings the best innovations of AMM technology off-chain to offer a unique, reliable source of liquidity – all within the compliant and regulated framework of a centralized exchange.

The integration and trading with Hidden Road is live. To learn more, email [email protected] and [email protected].

¹Coin Metrics’ State of the Market: https://coinmetrics.io/insights/state-of-the-market

Media Contacts

Bullish

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About Bullish

Bullish (NYSE: BLSH) is an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. This includes Bullish Exchange – an institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Europe is regulated under MiCAR as a crypto asset service provider offering spot trading and custody services for digital assets.

Bullish is the parent company of CoinDesk, a leading provider of digital asset media and information services. CoinDesk's offerings include: CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries; CoinDesk Data – a broad suite of digital asset market data and analytics, providing real-time insights into prices, trends and market dynamics; and CoinDesk Insights – a digital asset media and events provider and operator of coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy and blockchain technology.

For more information, please visit bullish.com and follow LinkedIn and X.