DE The information on this website is aimed solely at qualified investors in Hong Kong. It is not intended for use by any other type of investor. By agreeing to access the information contained on this website, you are deemed to be representing and warranting that you are (1) a person falling under paragraphs (a) to (i) of  the definition of “professional investor” in section 1 of Part 1 of Schedule 1 to the  Securities and Futures Ordinance; or (2) a person within the meaning of section 4, 6  (other than a person referred to in section 6(b)(ii)) or 7 of the Securities and Futures  (Professional Investor) Rules. Important note: Only spot trading in select markets is available in Hong Kong for qualified investors. Bullish (GI) Limited (CE BTW125) has not been licensed by the Securities and Futures Commission and may not eventually be granted a licence as the Commission may refuse its licence application or its application may be withdrawn. It is only deemed to be licensed under the Anti-Money Laundering and Counter Terrorist Financing Ordinance.

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An individual investor, also known as a retail client, is a client organisation or individual who cannot be deemed both a Qualified Investor and a Qualified Client, pursuant to the requirements of the Israeli Securities Law 1968 (the ‘Securities Law’) and the Law for the Regulation of Advice, Investment Marketing and Investment Portfolio Management 1995 (the ‘Advice Law’), respectively. A Qualified Investor is defined under the Securities Law as:
<ol>
<li>A fund for joint investments in trust (i.e., mutual fund) as defined in the Joint Investment Trust Law, 1994, or a management company of such a fund;</li>
<li>A provident fund or a management company (of such funds) thereof, both as defined in the Regulation of Financial Services (Provident Funds) Law, 2005;</li>
<li>An insurer defined in the Regulation of Financial Services (Provident Funds) Law, 1981 ;</li>
<li>A Banking Corporation or Auxiliary Corporation , as such terms are defined in the Banking (Licencing) Law 1981, other than a joint services company, acting for their own account or for the account of clients that are investors of the type listed in Section 15A(b) of the Securities Law;</li>
<li>A licensed portfolio manager under the Advice Law, acting on its own account or for the account of clients that are investors of the type listed in Section 15A(b) of the Securities Law;</li>
<li>An investment advisor or provider of investment marketing services under the Advice Law, acting for its own account;</li>
<li>A member of the Tel Aviv Stock Exchange, acting on its own account or for the account of clients that are investors of the type listed in Section 15A(b) of the Securities Law;</li>
<li>An underwriter fulfilling the conditions of Section 56(c) of the Securities Law;</li>
<li>A venture capital fund (defined as an entity primarily involved in investments in entities which are engaged, at the time of investment,: (a) in research and development or production of new technological products or processes, and (b) where the risk of investment is typically above-average risk for such investment);</li>
<li>An entity wholly owned by persons Exempt Investors (as defined in the Securities Law).</li>
</ol>

Privacy policy

An individual investor, also known as a retail client, is a client organisation or individual who cannot be deemed both a Qualified Investor and a Qualified Client, pursuant to the requirements of the Israeli Securities Law 1968 (the ‘Securities Law’) and the Law for the Regulation of Advice, Investment Marketing and Investment Portfolio Management 1995 (the ‘Advice Law’), respectively. A Qualified Investor is defined under the Securities Law as.

Decline

The information on this website is aimed solely at qualified investors in Hong Kong. It is not intended for use by any other type of investor. By agreeing to access the information contained on this website, you are deemed to be representing and warranting that you are (1) a person falling under paragraphs (a) to (i) of  the definition of “professional investor” in section 1 of Part 1 of Schedule 1 to the  Securities and Futures Ordinance; or (2) a person within the meaning of section 4, 6  (other than a person referred to in section 6(b)(ii)) or 7 of the Securities and Futures  (Professional Investor) Rules. Important note: Only spot trading in select markets is available in Hong Kong for qualified investors.

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Services are available in the United Kingdom only to investment professionals or high net worth entities, as defined in sections 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended).

Bullish does not offer services to persons located in Canada, China, Japan, Israel, The Russian Federation or any jurisdiction subject to sanctions. Users from these locations are advised that their access to this website falls outside our Site Terms of Use. In the United States, services are available only to eligible users in the States listed in our U.S.Terms of Service [link to the U.S. Terms of Service.].

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Bullish 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.



The order book 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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Consistent with other trading venues across TradFi and digital assets, Bullish allows customers to place conventional order types, such as market orders and limit orders. 

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The proprietary AMM generates thousands of bids and offers using liquidity exclusively available on the platform. These bids and offers create greater depth across variable market conditions, making Bullish more reliable and efficient than other exchanges—centralized or decentralized. 

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Learn more

Multiple trading accounts can be set up under one institutional entity, each with separate users, balances, positions and permissions. Effectively manage risk by allowing traders to segregate funds across multiple trading strategies or digital assets.

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Manage diverse trading strategies.

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Trade with REST and FIX.
Place AMM Instructions with REST.
Monitor markets and private data with REST and Websocket.

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Gain access to a range of trading features by connecting to the Bullish API.

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Registered as a MSB with FinCen and applying for individual state MTL and virtual currency licenses. See <a href="https://bullish.com/legal/licenses-and-disclosures/">Licenses & Disclosures</a> for a list of our licensed jurisdictions.

Regulated.

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

Compliant.

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

Secure.

Connect with a representative or request a product demo.

Trade with deep liquidity & tight spreads.

A unique source of deep liquidity.

Central limit order book.

Automated market maker.

Best execution with low-cost liquidity.

Manage diverse trading strategies.

Gain access to a range of trading features by connecting to the Bullish API.

Regulated.

Compliant.

Secure.

Learn more.