Peter Thiel-Backed Exchange Bullish Begins Pilot Program

Peter Thiel-Backed Exchange Bullish Begins Pilot Program

Bullish, the crypto exchange subsidiary of Block.one backed by Peter Thiel, Galaxy Digital and others, is to begin a seven-week pilot program.

  • The pilot will use simulated crypto assets and paper money to give invited investors a sample of Bullish's trading interface, an announcement Tuesday said.
  • Bullish is offering $525,000 in cash prizes to three participants who compete in simulated crypto trading games.
  • The program starts today and will last until Sept. 13.
  • Bullish was unveiled in May with more than $10 billion backing in cash and digital assets and is set for a public listing by the end of the year with special purpose acquisition company Far Peak Acquisition.
  • It received a further $75 million earlier this month from SB Northstar, the investment arm of SoftBank.
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