Bullish, which claims to be one of the “fastest-growing” regulated digital asset exchanges, announced a partnership with Archax, the FCA-regulated digital asset exchange, broker, and custodian.
The collaboration aims to enhance liquidity for stablecoins launched by Archax on the Bullish Exchange, by “utilizing Bullish’s proprietary Automated Market Maker (AMM).”
With in digital asset markets and a commitment to regulatory compliance, Archax offers an end-to-end solution “for stablecoin and asset reference token issuance.”
Through this partnership, Archax will introduce clients who have developed stablecoin structures to Bullish, while Bullish will refer “clients interested in creating and launching stablecoin offerings to Archax.”
This reciprocal relationship aims to strengthen the stablecoin ecosystem by combining Archax’s expertise in launching stablecoins “with Bullish’s market-leading liquidity solutions.”
Since its launch in November 2021, Bullish Exchange has “surpassed $1.3 trillion in cumulative trading volume and continues to expand its offerings to meet both institutional and retail demand.”
In the second half of 2024, the platform recorded “average daily trading volumes exceeding $2 billion.”
Bullish has become an institutionally-focused digital assets exchange, that reportedly offers “best execution in crypto’s biggest assets and deep, deterministic liquidity from its automated market maker.”
The exchange lists a number of stablecoins and has emerged as “a source of liquidity for regulated stablecoins RLUSD and PYUSD – establishing itself as the principal platform for trading these digital assets.”
Keith O’Callaghan, Head of Product Structuring at Archax, adds:
“Partnering with Bullish represents a significant step forward in our mission to bring credible, regulated stablecoins to market. By combining our structuring, regulated reserve custodial and tokenisation expertise with Bullish’s deep liquidity infrastructure, we can offer a streamlined experience to institutions looking to both launch and actively trade stablecoins in a compliant environment. This collaboration reinforces the accelerating confluence of traditional finance and the digital asset ecosystem.”
With a focus on developing products and services for the institutional digital assets sector, Bullish claims it has “rewired the traditional exchange to benefit asset holders, enable traders and increase market transparency.”
Supported by the Group’s treasury, Bullish’s digital asset spot and derivatives trading services utilize “high-performance central limit order matching and proprietary market making technology to deliver deep liquidity and tight spreads within a compliant framework.”
Launched in November 2021, the exchange is available in 50+ select jurisdictions, Bullish says that it “prioritizes compliance and safeguarding customer assets through robust security measures and regulatory oversight.”
The business is licensed “by the Hong Kong Securities and Futures Commission, German Federal Financial Supervisory Authority, and the Gibraltar Financial Services Commission.”
As mentioned in the announcement, Archax is the UK’s FCA-regulated digital asset exchange, custodian, and brokerage, “designed for institutional investors.”
Archax reportedly provides a regulated environment “for trading digital securities and other digital assets, creating a gateway between traditional finance and the digital economy.”
With a focus on transparency, security, and innovation, Archax claims that it is at the “forefront of the digital transformation of financial markets.”