Billionaires back blockchain company Block.one’s new crypto exchange

Billionaires back blockchain company Block.one’s new crypto exchange

A blockchain software company backed by billionaires Peter Thiel, Louis Bacon and Alan Howard launched a new cryptocurrency exchange focused on decentralised finance (DeFi).

The new entity, called Bullish Global, is capitalised with over $10 billion in cash and digital assets, including an initial cash injection of about $100 million by Block.one, a $300m funding round, 164,000 Bitcoin and 20 million of the company's own EOS crypto tokens.