‘Bullish’ Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura


The cryptocurrency exchange, “Nomura Coin”, has announced plans to launch with backing from billionaire investors and an investment bank. The goal of “Nomura Coin” is to create a cryptocurrency exchange that is “fully compliant with Japanese regulations” and that provides “a secure, fully insured place where buyers and sellers from around the world can trade cryptocurrencies”.

Japan’s largest cryptocurrency exchange by volume, bitFlyer, is set to launch in the US, with backing from American investors and investment bank Nomura. The exchange’s CEO, Yuzo Kano, spoke to Bloomberg about the exchange, its relationship with Nomura and how the company plans to compete with other exchanges in the US.

A new cryptocurrency exchange called Bullish will be launched this year by Bullish Global, a subsidiary of Block.one. It is backed by a number of leading investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Lee, Mike Novogratz, Christian Angermeier and investment bank Nomura.

Bullish Global launches Bullish Exchange

Block.one, the company behind the open source software EOSIO, announced Tuesday the launch of its new subsidiary Bullish Global, capitalized with more than $10 billion in cash and digital assets.

Bullish Global operates as an independent organization and is launching a new crypto-currency exchange called Bullish. It is designed to combine the performance, data protection and compliance of centralized order book technology with the vertically integrated user benefits of a decentralized financial center (Defi) architecture, the announcement said :

The Bullish Exchange will offer its users new automated tools for market making, lending and portfolio management to provide functions previously monopolized by established players in traditional finance, while increasing the liquidity of digital assets.

The company also stated: Bullish will use EOSIO and the EOS public blockchain to create a cryptographically validated, provable and immutable audit trail of all transactions processed on the Bullish platform.

After announcing the start of the bull market, EOS’s share price has risen nearly 50% in the past 24 hours. It currently stands at $13.63 each.

Bullish Global’s initial $10 billion funding of Block.one includes $100 million, 164k. BTC, $20 million from EOS and a $300 million strategic investment round.

Notable investors in this round include Peter Thiel of Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Lee, Christian Angermeier, Mike Novogratz’s Galaxy Digital and global investment bank Nomura. Peter Thiel, Alan Howard, Richard Lee and Christian Angermeier will also serve as senior advisors to the company.

What do you think of this optimistic crypto-currency exchange? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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