Bullish Exchange Hits Record Daily Trading Volume of $300 Million

Bullish, a prominent technology firm in the digital asset ecosystem, recently announced that the Bullish Exchange saw record numbers on 25 January 2022. According to the details shared by the company, the total 24-hour trading volume on the exchange crossed $300 million on Tuesday, which is the highest level on record.

In total, the platform crossed $5 billion in trading volumes. Launched in November 2021, Bullish Exchange has witnessed consistent growth in the last few weeks. In terms of 24-hour trading volumes, the company achieved the milestone of $100 million on 9 December 2021 and crossed $200 million on 24 January 2022.

“An evolution from the traditional exchange, Bullish’s proprietary Hybrid Order Book pairs the high-performance of a traditional Central Limit Order Book (CLOB) with Automated Market Making (AMM) — a protocol that uses a mathematical algorithm to facilitate prices in a transparent market-neutral and deterministic manner. Bullish Liquidity Pools offer clients the ability to manage balanced portfolios while earning passive yields at scale across highly variable market conditions,” the company mentioned.

Blockchain

According to the Bullish Exchange, the company offers innovative products and services to retail and institutional traders under a secure regulatory environment. Operated by Bullish (GI) Limited, Bullish Exchange is regulated by the Gibraltar Financial Services Commission.

“The Bullish exchange leverages a private blockchain in order to integrate the strategic advantages of blockchain’s inherent capabilities into the platform design and achieve a new degree of security, transparency and resiliency. Combined with WebAuthn standards, which eliminate many security vulnerabilities inherent with passwords by using public-key cryptography, users will experience a password-free authentication environment, creating a more secure onboarding process and ongoing account access,” the exchange noted in the latest announcement.

Amid the recent correction in leading digital currencies, the Bullish Exchange saw a massive spike in trading activity across different products.