Hassan Maishera
Bullish, the cryptocurrency exchange subsidiary of Block.one has announced earlier today that it has launched its pilot program, which will take seven weeks.
Bullish begins its pilot program.
Bullish, the cryptocurrency exchange backed by investor Peter Thiel and Galaxy Digital, announced that it had begun its pilot program today. In a press release earlier today, the cryptocurrency exchange said the private pilot program would be conducted over the next seven weeks.
The exchange wrote, “we are launching a 7-week, private pilot program, a major step towards the public release of the Bullish exchange expected later in 2021. With simulated crypto assets and paper money, the private pilot provides us with an opportunity to source valuable feedback and input from select participants to facilitate a frictionless experience for our customers at launch.”
Bullish added that the pilot offers a sampling of invited retail and institutional investors. The chosen investors meet certain requirements and will have the opportunity to test the Bullish trading interface and its proprietary Hybrid Order Book.
Bullish added that “Pilot participants will have access to features and services including spot trading, margin trading and new and unique ways to earn through Bullish Liquidity Pools. While the pilot will not involve feature gating nor require a full onboarding in this early phase, product functionality, exchange operation, and customer support will mimic conditions for the full launch.”
The cryptocurrency exchange had drawn a lot of attention within the crypto world when it was unveiled in May. It launched with more than $10 billion backings in cash and digital assets. Bullish is expected to become a publicly-listed company by the end of the year and will achieve it via the special purpose acquisition company (SPAC) Far Peak Acquisition.
Bullish will offer a reward to participants who leave feedbacks after using the pilot program. The cryptocurrency exchange is expected to enter the cryptocurrency market and compete with some of the biggest names in the sector
