Bullish Exchange does not provide services in some locations, including the United States, Canada, China, Japan, Israel, and Russia. Information on this site is not an offer of Bullish Exchange services to visitors from these locations. Please refer to the site terms of use for more information.
I understandBuilt for institutions.
Regulated, and built with liquidity and performance in mind, Bullish is a new breed of exchange that empowers your institution to trade and earn at scale.
Trade with certainty.
You need to be able to make the right trades at the right time. It’s key to any successful trading strategy.
The Bullish Hybrid Order book combines a traditional limit order book with the predictability and liquidity of automated market making, giving you access to highly liquid, low-cost trades. Evolve the way you trade with Bullish.

Bullish Hybrid Order Book.
Combines deep, predictable liquidity from automated market making with the reliability of a centralized exchange.
Our proprietary trading algorithm, rooted in DeFi, provides deep, constant liquidity for variable market scenarios.
Greater visibility and certainty over your total cost of execution.
Spot trading.
High-performance matching.
Zero maker fees (for non-stablecoin pairs).
Designed to minimize slippage.
Margin trading.
Up to 3x leverage.
Segregated spot and margin wallets.
Margin positions deterministically collateralized.
No liquidation fees.

The power of pairs.
Assets in Bullish Liquidity Pools are always held as pairs. Holding separate pairs of assets is critical to the price discovery process and functioning of the pricing algorithm and Bullish Hybrid Order Book.
Trading pairs table includes:
Earn
at scale.
Our proprietary asset utilization algorithm enables you to receive yield, whether the market is up, down or flat. Bullish Liquidity Pools offer depositor yield for asset holders by algorithmically pricing assets.
Additionally, margin lending algorithms offer additional yield for asset holders, giving you a safe way to lend.
Bullish
Liquidity Pools
Ability to earn at scale.
Benefit from trading fees.
A balanced ratio is maintained.
Automated
market making.
Generates yield for asset contributors.
Fees generated are accumulated and redeployed into the pools.
Safe margin
lending.
Margin lending algorithms built into the platform add additional yield on assets contributed to a liquidity pool.
By deterministically collateralizing margin positions, Bullish provides a safe margin environment.
Licensed as a distributed ledger technology provider by the Gibraltar Financial Services Commission (GFSC), the Bullish exchange is designed to protect you and your institution.
Unlock a suite of institutional-grade services.
Secure custody.
Built on blockchain, with secure cloud computing for integrity by design. Integration with a trusted third party offers cutting-edge security through cryptographic validation and verifiability.
Learn moreFiat on/off ramp.
Deposit and withdraw fiat through our integration with external financial institutions.
WebAuthn account security.
Created by the World Wide Web Consortium and FIDO Alliance, WebAuthn lets servers register and authenticate users password-free, through hardware-backed cryptographic proof.
Learn moreSpot and margin trading.
Execute trades with zero maker fees (for non-stablecoin pairs). Trade with up to 3x leverage on margin.
API connectivity.
Our API allows for customization and programmatic access to a range of features.
Account management.
Relationship managers serve as your primary point of contact.
24/7 support.
Full customer support for technical issues.
Secure.
The security and integrity benefits of blockchain, combined with strong cryptographic safeguards and WebAuthn authentication.
Regulated.
Bullish is licensed by the Gibraltar Financial Services Commission (GFSC), which applies international regulatory standards and supervisory best-practices.
Verifiable.
Trade engine transactions and state are cryptographically validated by our private blockchain and cross-hashed to the EOS Public Blockchain to facilitate externally verifiable state integrity.