Bullish Exchange Introduces Central Limit Order Book
Bullish develops a useful product for the crypto space, targeting the booming DeFi space and investors trying to get into the decentralized ecosystem. The exchange announced that it will release its first product known as the Bullish Exchange.
The exchange is open to approved individual users in four continents. Investors and institutions are not left out in the arrangement. However, specific jurisdictions are allowed such as financial institutions from Asia-Pacific, Africa, Europe, and Latin America.
The product disrupts DeFi by exposing the public to underlying assets. It is doing this by complying with regulations so that retail traders and investors can assess larger asset pools while transacting at very low fees. The asset pools opened to investors are fiat and digital assets.
The new product, the Bullish Exchange drives value to underlying assets and its financial ecosystem. The exchange introduced an interesting feature, the CLOB to drive the DeFi ecosystem further. In November, Bullish opened its exchange to specific institutions, allowing them to access $2billion in assets. Their 24-hour trading volume shows trade going past $150 million.
The Innovative Product
Central Limit Order Book (CLOB) has been the major breakthrough of the product. This feature combines traditional order arrangements with Automated Market Making (AMM). The automated feature is an algorithm that runs the market in a transparent way.
Also, the automated protocol allows the market to ride itself out, without interrupting or hijacking the unpredictable swings in demand and supply forces. The liquidity pools offered by Bullish allow investors and users to diversify their portfolios. This way, they can earn passive income that compounds by staking what they have in several yield farms on the platform.
Promising times Ahead
Thomas Farley, Chairman Peak Acquisition Corporation said innovation in traditional finance is the prerogative of high-up officials. The incoming CEO of Bullish says the new product is taking focus away from executives and turning it to underlying assets and their providers. He believes the innovation will growth-hack DeFi.
Thomas believes the partnership between Bullish and FPAC will bring a breath of fresh air to traditional assets. He thinks a renewed focus on underlying assets and innovations will foster the possibilities of DeFi. Also, new products and accessible portfolios will result from the innovation which signals new beginnings for the world of finance.
The CEO of the acquisition company says investors have the “best of both worlds” looking at the combination of CLOB and the ecosystem of underlying asset providers that the ecosystem will offer to all users. In other words, investors can access traditional assets via digital assets and vice versa.
Bullish exchange works with EOSIO-based blockchain. Partnering with the blockchain is strategic where the product directly benefits from the security features, transparency and resiliency. Users can relax because their assets are secured with WebAuthn standards.
This feature removes vulnerabilities in the security, especially with passwords and encrypted public key. This new product brings a password-free experience that drizzles down the onboarding process and accessing accounts for users.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.