Block.One “injected” $ 10 billion for new EOS-based exchange, EOS price immediately increased by 50%

Block.One “injected” $ 10 billion for new EOS-based exchange, EOS price immediately increased by 50%

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2021-05-12 01:15:58

Block.One has announced that it is preparing to launch an EOS-based cryptocurrency exchange called Bullish Global, which is expected to go live later this year.

As announced on May 11, the new platform, dubbed Bullish Global, will run on the EOS blockchain. The developer EOSIO revealed that they have raised up to this ambitious $ 10 billion. This includes $ 300 million of investors from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon.

In April, EOS welcomed a positive wave, when the integration of Google Cloud and protocol upgrades brought the once iconic coin’s price to new heights. Not stopping there, EOS increased 100% in just 2 days around the beginning of May, making the race of era coin representatives more attractive than ever.

And now, as soon as the Bullish Global news came out, EOS price immediately reacted by more than 50%, going from $ 9 to its current trading level of $ 14.13.

EOS / USDT price chart.  Source: TradingView
EOS / USDT price chart. Source: TradingView

The rest of the capital comes from’s holdings, including 164,000 Bitcoin (BTC), which is approximately $ 9 billion at current market value and 20 million EOS. The developer EOSIO is also said to have donated another $ 100 million worth of cash to Bullish Global. Block.One CEO, Brendan Blumer said:

“Bullish exchanges will leverage blockchain technology and a new market architecture to revolutionize the high-performance trading landscape. By transparently automating third-party functions and turning them into profitable portfolio management tools, to provide organizations and individuals with better and secure access more on the latest crypto investment strategies. “

In addition to offering automated market creation services, the Bullish exchange will also offer loan marketplace and portfolio management tools to its users.

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