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Peter Thiel-Backed Exchange Bullish Begins Pilot Program

The pilot will use simulated crypto assets and paper money to give invited investors a sample of Bullish's trading interface.

Bullish, the crypto exchange subsidiary of Block.one backed by Peter Thiel, Galaxy Digital and others, is to begin a seven-week pilot program.

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  • The pilot will use simulated crypto assets and paper money to give invited investors a sample of Bullish's trading interface, an announcement Tuesday said.
  • Bullish is offering $525,000 in cash prizes divided up between participants who compete in simulated crypto trading games.
  • The program starts today and will last until Sept. 13.
  • Bullish was unveiled in May with more than $10 billion backing in cash and digital assets and is set for a public listing by the end of the year with special purpose acquisition company Far Peak Acquisition.
  • It received a further $75 million earlier this month from SB Northstar, the investment arm of SoftBank.

Read more: The Bear Case for Bullish Is Spelled E-O-S

Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

Jamie Crawley