Block.One announced the launch of its new subsidiary Bullish Global that will independently oversee the release of Bullish.com, the new DeFi (or ProFi?) focused cryptocurrency exchange, scheduled for 2021.
Bullish Global has been allocated all 164,000 BTC of Block.One, currently worth over $9 billion. To these were added $100 million and 20 million EOS from Block.One, plus $300 million from strategic investment rounds, for a total of $10 billion capitalized.
"Bullish's balance sheet is strong, and its vertical integration offers stability and liquidity to the cryptocurrency space. I'm happy to join Bullish as an investor and advisor as it gets started on a long and fruitful journey," - Peter Thiel
During the weeks the Bullish.com website went live, showing a simple homepage: "Go Goldly. Go Bullish" and the official Bullish logo.
The announcement confirms once again how Bullish will leverage EOSIO and the EOS mainnet to produce a cryptographically validated, provable, and immutable audit trail of all transactions processed on the Bullish platform. This will make it possible for anyone to verify on-chain the integrity of the exchange.