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July 19, 2025
Bullish files registration statement for proposed initial public offering
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Custody

Industry leading security & velocity.

Bullish’s best-in-class crypto custody architecture maximizes the security of your assets by mitigating risks, without sacrificing the speed of your deposits or withdrawals.
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Multi-layer protection.
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Faster on, faster off.
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Segregation of assets.
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Multi-layer protection
Bullish combines industry leading technology and operational procedures developed by security and custody experts to ensure customers’ digital assets remain secure.
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Hardware safeguards.

Cold custody. A majority of assets are stored offline in cold wallets.

Offline cold key storage. All private keys are isolated from one another and stored offline or in secure modules on shielded cloud servers.

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Software safeguards.

Signed & attested systems. All custody software components and operating systems are cryptographically signed.

Multi-signature wallets. Signing processes are distributed across independent actors for collusion resistance.

Blockchain security. Blockchain-based oracles verify provenance of custody actions and stop man-in-the-middle attacks.

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Operational safeguards.

Policies. Our protocols govern which crypto wallets interact with one another, what keys are required to sign a transaction, and the limits to transaction size and velocity.

Disaster recovery. Our procedures include globally distributed backup keys.

Faster on, faster off.

Bullish also gives you the security of knowing you can quickly move digital assets on or off the exchange when you want, regardless of market conditions.

Segregation of assets.

Customer funds are always separated from company assets, so co-mingling on any account or blockchain address never occurs.

Wallet architecture

Speed without sacrificing security.

Bullish uses cold, warm, and hot wallets. Our whitelisting protocol ensures maximum protection for your digital assets, with all transfers carefully monitored to minimize any risk of loss or theft.
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Speed without sacrificing security.

Bullish’s AML and Transaction Monitoring systems flag suspicious or fraudulent activities and move these assets into an AML wallet. Allowing us to segregate these funds immediately and protect our customers.
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Our custody partners
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The custody expertise of BitGo.

BitGo is a qualified custodian and regulated trust company. They have been a pioneer in the crypto custody space since 2013.

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The security of Fireblocks.

Fireblocks is a digital asset custody, transfer and settlement technology provider. They are the first company to be certified as a Cryptocurrency Security Standard (CCSS) Level 3 Qualified Service Provider (QSP).

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Gain access to deposits and withdrawals via API.
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Regulated.
Bullish is licensed by the Hong Kong Securities and Futures Commission (SFC), which applies international regulatory standards and supervisory best-practices.
Compliant.
We conduct rigorous customer due diligence through mandatory KYC/ KYB verification, regular AML checks, and consistent transaction and trade monitoring.
Secure.
Bullish leverages industry leading technology and operational procedures developed by security and custody experts to ensure customers’ digital assets remain secure.
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Copyright © 2025 Bullish Global. All rights reserved.

Services are available in Hong Kong for qualified investors. The Bullish exchange Hong Kong operations are dependent on the operations of other entities within the Bullish Group. Therefore, trading services may become unavailable if there’s any material interruptions of the relevant group entities. BTH a Bullish Group company acts as market maker on the Bullish exchange. Visit bullish.com/legal/hk/ for more important information and risk warnings. Services are available in Hong Kong for qualified investors. The Bullish exchange Hong Kong operations are dependent on the operations of other entities within the Bullish Group. Therefore, trading services may become unavailable if there’s any material interruptions of the relevant group entities. BTH a Bullish Group company acts as market maker on the Bullish exchange. Visit trust for more information.

DE The information on this website is aimed solely at qualified investors in Hong Kong. It is not intended for use by any other type of investor. By agreeing to access the information contained on this website, you are deemed to be representing and warranting that you are (1) a person falling under paragraphs (a) to (i) of  the definition of “professional investor” in section 1 of Part 1 of Schedule 1 to the  Securities and Futures Ordinance; or (2) a person within the meaning of section 4, 6  (other than a person referred to in section 6(b)(ii)) or 7 of the Securities and Futures  (Professional Investor) Rules. Important note: Only spot trading in select markets is available in Hong Kong for qualified investors. Bullish (GI) Limited (CE BTW125) has not been licensed by the Securities and Futures Commission and may not eventually be granted a licence as the Commission may refuse its licence application or its application may be withdrawn. It is only deemed to be licensed under the Anti-Money Laundering and Counter Terrorist Financing Ordinance.

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The information on this website is aimed solely at qualified investors in Hong Kong. It is not intended for use by any other type of investor. By agreeing to access the information contained on this website, you are deemed to be representing and warranting that you are (1) a person falling under paragraphs (a) to (i) of  the definition of “professional investor” in section 1 of Part 1 of Schedule 1 to the  Securities and Futures Ordinance; or (2) a person within the meaning of section 4, 6  (other than a person referred to in section 6(b)(ii)) or 7 of the Securities and Futures  (Professional Investor) Rules. Important note: Only spot trading in select markets is available in Hong Kong for qualified investors.

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Bullish exchange is not available in your location.

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Bullish does not offer services to persons located in Canada, China, Japan, Israel, The Russian Federation or any jurisdiction subject to sanctions. Users from these locations are advised that their access to this website falls outside our Site Terms of Use. In the United States, services are available only to eligible users in the States listed in our U.S.Terms of Service.

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Services are available in the United Kingdom only to investment professionals or high net worth entities, as defined in sections 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended).

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