Bullish Exchange Review: Strong Liquidity and Institutional Execution for Active Traders
Bullish is a crypto exchange that has gained attention for its institutional-style execution on major assets, clear published spot fees, and derivatives access in select locations. Launched in 2021, Bullish is regulated by various authorities, including the NYDFS, SFC, BaFin (MiCAR), and GFSC. The platform focuses on major liquid assets and large-cap markets, with a narrower asset list compared to mainstream exchanges.
The exchange's hybrid liquidity engine pairs a proprietary automated market maker with a traditional order book, providing strong liquidity on major pairs. Bullish also offers institutional OTC and a full API stack, as well as derivatives and margin for eligible professional investors in select locations. However, the platform has some limitations, including no card rail, ACH, or standard staking product.
Bullish is suitable for active traders who care more about execution and market structure than app simplicity. The platform offers clear published spot fees, with 0% maker and 0-0.03% taker fees on individual accounts. However, users who need broad token coverage or easy card funding may find Bullish less convenient.
Overall, Bullish is a solid option for traders who prioritize institutional-style execution and strong liquidity on major assets. While it has some limitations, the platform's regulated status, clear fees, and hybrid liquidity engine make it an attractive choice for active traders.