Peter Thiel’s Crypto Playground: Bullish Strikes Gold in Hong Kong! 💰🎉

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In a delightful twist of fate, the crypto exchange Bullish, that charming little venture backed by the illustrious Peter Thiel, has waltzed its way into the good graces of the Hong Kong Securities and Futures Commission, securing the coveted licensing approval for its local arm. How splendid! 🎩

Ah, Bullish Global, the cryptocurrency exchange that seems to have more licenses than a well-prepared driver, has bagged not one, but two shiny licenses for its Hong Kong escapade. This allows it to dabble in the fine arts of securities dealing and automated trading, while also obtaining the green light to operate a virtual asset trading platform in the bustling metropolis. Who knew trading could be so glamorous? 💃

In a blog post that could rival the most riveting of novels, dated February 19, the exchange proclaimed that this approval enables it to bestow regulated digital asset services upon the fortunate eligible customers of Hong Kong. A true fairy tale for the crypto enthusiasts! 📖✨

Tom Farley, the chief executive with a name that sounds like a character from a Victorian novel, declared that this license is a “testament to Bullish’s dedication to expanding our global footprint.” One can only imagine the size of that footprint—perhaps a size 12 in the world of digital assets! 🥳 Bullish HK will initially cater to the elite: institutional and professional investors, because why not start with the crème de la crème?

Meanwhile, as the crypto winds shift and the U.S. market begins to warm up like a cozy blanket, Bullish Global seems to be preparing for an IPO. Rumor has it that they are eyeing a public debut in 2025, with whispers of collaboration with Jefferies Financial Group. But, as with all good things, these talks are still in the air, floating like a balloon at a child’s birthday party. 🎈

Let us not forget the grand origins of Bullish, launched in 2021 by the enigmatic Brendan Blumer’s Block.one, which generously backed the exchange with a staggering $10 billion in funding. Yes, you read that right—$10 billion! This capital, a delightful mix of cash and crypto, began with an initial injection of $100 million, 164,000 BTC, and 20 million EOS. And just when you thought it couldn’t get any better, Bullish later raised an additional $300 million through a strategic investment round. Talk about a financial buffet! 🍽️💸

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2025-02-19 12:51