EOSIO EOS News – EOS Price Prediction – Block.one launched Bullish – Decentralized Crypto Exchange

Block.one Raises $10 Billion in Bullish Global Launch, Triggering a 50% Increase for EOS Token

Block.one, EOSIO’s open-source parent company, announced the establishment of a new subsidiary, Bullish Global.

The company launched Bullish, a cryptocurrency trading platform based on the EOS blockchain.

The platform will combine centralized and decentralized crypto exchange infrastructure to provide traders with lending, and portfolio management tools to promote deeper digital asset liquidity through a new Automated Market-Making (AMM) mechanism.

The CEO of Block.one Brendan Blumer commented on cryptocurrency exchanges that will be available to the masses later this year. He said:
“The Bullish exchange will leverage blockchain technology and a new market architecture to revolutionize the high-performance trading landscape by transparently automating expensive third-party functions and turning them into yield-generating portfolio management tools to offer institutions and individuals better and safer access to the latest cryptocurrency investment strategies.”

According to the official announcement, EOSIO developers revealed that Bullish Global has raised more than $10 billion in funds, including Block.one’s initial investment funds of $100 million, 164,000 BTC, and 20 million EOS and a total value worth 300 million strategic investment led by the co-founder of Palantir Peter Thiel, the co-founder of Brevan Howard Asset-Alan Howard, and other celebrities.

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EOSIO EOS News – EOS Price Prediction – Block.one launched Bullish – Decentralized Crypto Exchange

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Kane Dane