Bullish

Fig Markets has integrated with Bullish to expand regulated institutional access to digital asset derivatives. Eligible counterparties can now access Bullish's options, perpetuals and dated futures directly through the Fig Markets brokerage and RFQ platform. Regulated by the FCA, Fig Markets combines traditional finance market structure with blockchain-enabled technology and execution workflows. The integration brings Bullish's deep liquidity and full suite of options and derivatives to Fig Markets' institutional customer base. Since launching BTC options in October 2025, Bullish has surpassed $20B in cumulative trading volume and reached a record $5B in BTC options open interest, supported by institutional activity routed through Fig Markets. High risk product. Visit bullish.com for important information and risk warnings.

🐮 or 🐻 on 2026 crypto trends? We put Shiliang Tang in the hot seat!

Are there any positive catalysts on the horizon? Watch Shiliang Tang break down his outlook for the rest of the year 🔮. #Crypto #MarketOutlook

We asked Shiliang Tang, Founder and Managing Partner at Monarq Asset Management, why crypto options haven’t seen the explosive, exponential growth of perpetuals yet. His answer? Options are fundamentally an institutional product. The next wave of options growth will be fueled by institutions bringing TradFi-style strategies into the space. Launched in October 8th, 2025, Bullish has become a leading globally regulated options venue, built for institutions: 📈 $6B+ BTC options open interest reached, #2 globally (The Block, April 24, 2026) 🗓️ Daily, weekly, monthly & quarterly expiries 🎯 Fixed strikes ranging from 5 to 95 delta 💰Lower margin through portfolio netting across spot, perpetuals, futures, and options on the same underlying. Watch Shiliang break down the future of the crypto options market. 👇 #Bullish #CryptoOptions #InstitutionalCrypto #MarketStructure (Views expressed are those of the speakers and do not represent the views of their organizations. Options trading involves significant risk and is not suitable for all investors. Please review Bullish's risk disclosures prior to trading. This is not investment advice.)

Lightning round with Nikita Fadeev of Fasanara Capital on what's 🐮 and 🐻 in crypto right now. #bullish #crypto

What are institutions trading on the crypto rails these days? Nikita Fadeev, Managing Partner and Head of Fasanara Digital at Fasanara Capital, on the instruments they're already trading and the market-structure questions still in play. #rwa #perps #cryptorails #bullish (Views expressed are those of the speakers and do not represent the views of their organizations. This is not investment advice.)

Bullish joins the crypto-rails oil market as a much-needed regulated entrant amid the Strait of Hormuz disruption, now in its 11th week. CoinDesk Research’s April 21, 2026 "Oil, ETFs, and the TradFi Perp Land Grab" reported $42.5B in crypto-rails oil derivatives volume during the prior three weeks and described the primary use case as "institutional hedging against oil price disruption and macro uncertainty." But regulated institutions typically cannot trade on permissionless DEXs and unregulated USDT-margined contracts – both fall outside standard institutional risk frameworks. Meanwhile, news impacting oil prices keeps breaking around the clock: during the April 17-19 weekend, WTI fell approximately 10% inside the 49-hour CME-closed window (Binance CLUSDT via CoinDesk Data). On May 6, Bullish launched its WTI perpetual — CMWTI-USDC-PERP — to address the market gap: → 24/7 continuous trading — never closes when Hormuz news breaks  → WTI front-month exposure — the benchmark index widely tracked by institutional oil market participants → Capital efficiency with portfolio margin, no haircut on the first $1B of USD and most stablecoins, plus 1.5 bps maker rebates. →  Regulated by GFSC (Gibraltar) The largest sustained oil shock on record doesn't observe after-hours or weekends. CMWTI is built for that reality, where regulatory alignment, 24/7 access, and front-month exposure converge. (Disclaimer: Derivatives products are offered exclusively by Bullish (GI) Limited, regulated by the Gibraltar Financial Services Commission. These products are not available to residents of or persons located in Hong Kong, the European Union, or the United States. Institutional clients onboarded with Bullish GI can access derivatives globally.)

Our first quarter 2026 results are now available on the Bullish Investor Relations website. Key highlights: ◾ Q1’2026 Digital asset sales of $51.8 billion and Net income (loss) of $(604.9) million ◾ Q1’2026 Adjusted revenue of $92.8 million and Adjusted EBITDA of $35.1 million ◾ Signed a definitive agreement to acquire Equiniti for $4.2B: Creating the first fully integrated blockchain-enabled, blue-chip issuer services provider ◾ Bullish options trading volume grew to $11.6B in the Quarter while reaching open Interest high of 14% market share in April 2026 ◾ Filed to receive our futures and options exchange and clearinghouse licenses (i.e., DCM, DCO) to expand our derivatives offerings to the United States Access the full results and earnings conference call at https://lnkd.in/eNzctfMt.

Bullish options data is now live on Laevitas and The Block. Both integrations provide real-time, independently verifiable visibility into Bullish options activity alongside every other major venue. Market participants can now evaluate order book depth, execution quality, and other key metrics side-by-side across the digital asset sector. The integrations arrive at a moment of accelerating activity in Bullish's options market. In three weeks, open interest grew by 82% from $3.32 billion on April 2 to a peak of $6.07 billion on April 23 - ranking second globally for BTC options open interest, according to data on The Block. Read more: https://lnkd.in/eC4nz-8D Options trading not currently available to U.S. persons. Important info and risk warnings: bullish.com/legal

We are pleased to announce the appointment of Joaquín Sastre Ibáñez as Vice President, Head of European Business Development. Joaquín will drive Bullish Exchange’s growth across Europe and lead our European Sales team.    Based in Frankfurt, Joaquín joins Bullish from Boerse Stuttgart Digital, where as Head of Institutional Business & Chief Revenue Officer, he built and led their BaFin and MiCAR-regulated brokerage, exchange, and custody services.    Welcome to Bullish, Joaquín!