Block.one’s EOSIO Based Crypto Exchange Bullish Plans For NYSE Listing Post Far Peak Acquisition in 2022

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Block.one is best known for developing the EOSIO (EOS) protocol, which is considered to be significantly faster than Ethereum and Bitcoin based Blockchains. Primarily operating through smart -contracts, it quickly became the go to blockchain for decentralized applications or dApps for its speed and scalability.

After the formation of ENF and Larimer’s exit, Block.one continues progressing with its cryptocurrency exchange subsidiary known as Bullish. Bullish Limited has been granted a distributed ledger technology license by the Gibraltar Financial Services Commission (GFSC). The regulatory approval is a major step toward the exchange’s launch.

Brendan Blumer, Bullish Chairman calls Gibraltar an emerging blockchain hub

Block.one CEO and Bullish chairman Brendan Blumer said that Gibraltar is emerging as a “leading blockchain and virtual assets hub” that can provide a foundation for crypto-focused companies to “operate securely and in compliance with industry best practices.”

“Securing this license signals that the Bullish exchange is a platform that institutional and retail users can trust. It also underscores our commitment to client protection, compliance and industry-leading security ahead of launching the exchange, and continues our progress towards going live,” Blumer noted.

Block.one Raises $10B, aims for public listing through Far Peak merger

In order to launch a crypto exchange based on the EOS public blockchain, Block.one raised $10 billion earlier this year. The most prominent Bullish investors include Galaxy Digital CEO Mike Novogratz, billionaire hedge fund manager Alan Howard, and PayPal co-founder and billionaire venture capitalist Peter Thiel.

Bullish has some ambitious plans despite not going live yet. The firm reportedly announced its intention to list on the New York Stock Exchange in July with a valuation of $9 billion. Far Peak Acquisition, led by former NYSE president Thomas Farley, will merge with the company in preparation for a public listing. Farley will take over as CEO after the merger.

Via This Site