Peter Thiel-Backed Exchange Bullish Begins Pilot Program

40339591143_81e0307636_o
27 July 2021

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 divided up between 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.

Disclosure
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.