20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Bullish Review 2024
Minimum
deposit:
deposit:
- $10,000
Trading platform:
- Proprietary platform
Minimum
deposit:
deposit:
- $10,000
Trading platform:
- Proprietary platform
Trading features:
- The focus is on the technological development of the platform and the security
Summary of Bullish Crypto Exchange
Bullish is a high-risk cryptocurrency exchange with the TU Overall Score of 2.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bullish clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Bullish ranks 136 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Bullish is among the most popular cryptocurrency exchanges with its own platform based on the TradingView toolkit. It is suitable for risk diversification for active cryptocurrency traders.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The Bullish exchange is an innovative platform launched by the Block.one developer company in November 2021. Initially, the exchange was focused exclusively on institutional investors. The goal was to enter the US stock exchange. The listing of the exchange has 6 coins such as BTC, ETH, EOS, LTC, LINK, and USDC. The daily trading turnover of the exchange is about $700-800 million. About 80% are BTC, and about 17% are ETH. In terms of aggregate indicators, the CoinMarketCap portal assigned the exchange a rating of 4.1 out of 10 of 82 places out of 526.
| 💰 Account currency: | USD, cryptocurrencies |
|---|---|
| 🚀 Minimum deposit: | 10 thousand dollars. |
| ⚖️ Leverage: | Up to 1:10 (in some cases) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Bullish:
- Unique platform technology: hybrid order book, multi-level protection of cold and hot wallets, and a mathematical algorithm that ensures price transparency, etc.
- Minimum commissions. There are no commissions for market makers.
- Regulation by its main regulator (Gibraltar) and subject to US financial law.
👎 Disadvantages of Bullish:
- Practically, there is no choice of cryptocurrencies.
- High entry threshold to the liquidity pool of $10,000 with a 50/50 money distribution in each currency of the pair.
- The payment method is bank payment only. Cards and e-wallets are not provided.
Evaluation of the most influential parameters of Bullish
Geographic Distribution of Bullish Traders
Popularity in
23.3%
US
74.7%
Others
User Satisfaction i
2 comments
Total score:
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kelseymj2
1 year ago
jessiemq60
1 year ago
Expert Review of Bullish
It is still too early to talk about the attractiveness of the exchange for private investors since the vector of the platform's development is not yet clear. Bullish developers do not hide the fact that so far they are focused on institutional investors. The launch of the exchange was planned for mid-2021, but the exchange was launched in closed mode only in November. Allegedly due to a delay in obtaining a license in Gibraltar and the United States. The Bullish Exchange's goal is to enter the US stock market through a merger with SPAC Far Peak Acquisition Corp (NYSE: FPAC). SPAC is a special type of company designed to merge with another company in order to bypass the need for an IPO.
And there are many questions here. The rights to the exchange are held by Block.one, a company developing software and technologies for the blockchain. In 2017, the same company launched a rather promising EOS startup, which is in the top 50 in terms of capitalization. And one would assume that the Bullish Exchange is being created as a pocket exchange to promote EOS. This explains such a short listing. But in December 2020, the EOS community decided to stop regular payments to the company that launched the project. Block.one stated that it was no longer acting in the interests of the network.
Internal contradictions do not work in favor of the exchange, which can get bogged down in litigation. And it is all the more unclear what direction the developers will go to promote EOS (which is unlikely), develop the technology, and expand the listing. Or develop the stock direction. By May 2022, the issue with the merger for 9 billion USD should have been resolved, but there are no results yet. FPAC quotes, after a sharp increase in November 2021, returned to their previous positions. Meanwhile, it is difficult to say what the prospects for Bullish are exactly.
Dynamics of Bullish’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Bullish exchange is increasingly developing active trading technologies by introducing unique trading tools and developing new multi-level security systems. Therefore, the investment program is represented by only one product — liquidity pools (Bullish Liquidity Pools). The product involves investing investors' money in pools that will provide liquidity to the network. For this, they are remunerated from the transaction fees paid by the participants of the network.
Bullish Liquidity Pools are the essence and mechanism of investment
Liquidity Pools (BLPs) are an advanced feature of Bullish that allows users to invest in platform liquidity while earning a portion of trading fees (maker and taker fees) and margin interest. Almost all currency pairs listed on the exchange are available for investment. The liquidity reward is distributed in BLP automatically until the investor receives money from the pool.
The profitability of the pool and, accordingly, the remuneration distributed among investors depends on the following factors:
The amount an investor contributes relative to the total amount of a particular pair of assets in the BLP.
As long as you keep your assets in BLP and
There is a demand for liquidity services the longer the investor's assets are in the BLP. The more transactions that occur in the network, the greater the accumulated commission and the greater the investor's premium.
The terms of the BLP imply the fulfillment of certain requirements. For example, for each pair, there is a minimum investment limit with a mandatory distribution of 50/50. For a pair of BTC/USD, it is $10 thousand (the investor deposits 5,000 in BTC and $5,000). For the ETH/BTC pair it is 0.25 BTC (0.125 BTC + 0.125 ETH).
Investment risks are market. Money from the pool can only be withdrawn a few days after the application is submitted. If during this time the price becomes lower than at the time of investment, the investor receives a loss. Profitability takes into account margin trading, which can exceed 100% per annum.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bullish’s affiliate program
At the moment, the marketing policy of the exchange does not involve attracting users through an affiliate program.
Trading Conditions for Bullish Users
The Bullish exchange is attractive with low commissions, which in some cases are completely absent. But a small range of cryptocurrencies, a focus on the complex technological capabilities of the platform, and a high threshold for entering investment products suggest that the exchange is still more focused on institutional investors.
$10,000
Minimum
deposit
1:10
Leverage
24/7
Support
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Client account |
| 💰 Account currency: | USD, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank account opened in the name of the account holder |
| 🚀 Minimum deposit: | 10 thousand dollars. |
| ⚖️ Leverage: | Up to 1:10 (in some cases) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | |
| ⭐ Trading features: | The focus is on the technological development of the platform and the security |
| 🎁 Contests and bonuses: | No |
Broker comparison table of trading instruments
| Bullish | Bybit | MEXC | Binance | Lbank | WhiteBIT | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | Yes | No |
| Options | No | No | No | No | No | No |
Bullish Commissions & Fees
Information
Analysts at the Traders Union examined the trading terms of the Bullish Exchange. The tariff policy involves the division of investors into takers and makers, e.g., active traders and coin holders. For makers, there is no commission for all pairs except USDC/USD. For takers, the fee is 0.01%. For the USDC/USD pair, the commission for both categories of investors is 0.03%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.01% | No |
A comparative analysis shows that the Bullish Exchange has one of the lowest commissions on the market.
| Broker | Average commission | Level |
| Bullish | $0.01 | Low |
| Binance | $6 | Medium |
| Bybit | $20 | High |
Contacts
| Foundation date | 2021 |
| Registration address | Suite 23, Portland House, Glacis Road, Gibraltar |
| Official site | https://bullish.com |
| Contacts |
Email:
support@bullish.com,
|
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FAQs
Do reviews by traders influence the Bullish rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bullish you need to go to the broker's profile.
How to leave a review about Bullish on the Traders Union website?
To leave a review about Bullish, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Bullish on a non-Traders Union client?
Anyone can leave feedback about Bullish on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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