Bullish BLSH

What this company does

Bullish provides market infrastructure and information services for digital assets to institutional customers. Its operations span multiple countries, and it is regulated in the United States, the European Union through Germany, Hong Kong and Gibraltar. The business rests on two pillars: Market Infrastructure, which facilitates institutional trading of digital assets including spot and derivative pairs, and Information Services, which delivers digital asset indices, data, media insights and events. Bullish Exchange operates a regulated spot and derivatives exchange for digital assets that integrates a global central limit order book matching engine with automated market making. Its liquidity services offering supplies liquidity to partners' digital assets on a subscription basis through its own AMMI technology. CoinDesk Indices supplies multi-token indices and single-asset benchmarks that track the performance of digital assets to traditional finance institutions, including exchanges and asset managers. CoinDesk Data covers more than 270 thousand trading pairs and holds over 10 years of data. CoinDesk Insights takes in both a media platform and an events portfolio, carrying market news, analysis and in-person gatherings.

Written from the business description in Bullish's annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.