Block.one’s Bullish exchange wins license from Gibraltar regulators

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The Gibraltar Financial Services Commission has granted a license to Binance, a cryptocurrency exchange based in the British Overseas Territory. This is an important win for Gibraltar as it positions itself as a global blockchain hub ahead of its June 29th Blockchain Summit and beyond.

The “bullish exchange eos launch date” is the date that Block.one’s EOS cryptocurrency will be available for trading on its newly acquired exchange in Gibraltar.

Block.one’s Bullish exchange wins license from Gibraltar regulators

 

Block.one, the creator of the EOS.IO protocol — the EOS cryptocurrency’s blockchain network — continues to make headway with Bullish, its cryptocurrency exchange business.

Bullish Limited, a subsidiary of Bullish, received a distributed ledger technology license from the Gibraltar Financial Services Commission on Wednesday (GFSC).

The regulatory permission is a significant step toward the exchange’s opening. Block.one has said that the exchange will be built in May 2021.

Brendan Blumer, CEO of Block.one and chairman of Bullish, said Gibraltar is developing as a “leading blockchain and virtual assets center” that can help crypto-focused businesses “operate safely and in conformity with industry best practices.”

“By obtaining this license, the Bullish exchange has shown that it is a platform that both institutional and retail consumers can rely on.” It also reaffirms our commitment to client safety, compliance, and industry-leading security ahead of the exchange’s debut, as well as our progress toward coming live,” said Blumer.

Block.one raised $10 billion earlier this year to create an EOS-based crypto exchange. Galaxy Digital CEO Mike Novogratz, billionaire hedge fund manager Alan Howard, and PayPal co-founder and billionaire venture capitalist Peter Thiel are among the noteworthy Bullish investors.

Following a crackdown in China, Huobi Group is relocating to Gibraltar.

Despite the fact that Bullish has yet to go online, the firm has big intentions. Bullish apparently declared its desire to go public on the New York Stock Exchange in July, with a $9 billion initial public offering value. The business plans to go public via a merger with Far Peak Acquisition, a special purpose acquisition company run by former NYSE president Thomas Farley, who will also serve as the company’s CEO.

With Huobi, one of the world’s major crypto exchanges, transferring its spot-trading operations to Gibraltar after quitting China, Gibraltar has been luring more crypto firms lately.

The “crypto exchange bullish” is a company that has been in the news lately. Block.one, which is a company that creates blockchain-based games and applications, has received approval from Gibraltar regulators to operate an exchange for trading ERC20 tokens.

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Emilia James
By Emilia James

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