Bullish exchange will now use Solana for custody, trading, and settlement, replacing traditional systems with blockchain infrastructure.
Licensed in key financial hubs, Bullish’s move strengthens Solana’s role in regulated, institutional-grade financial markets.
The migration underscores growing confidence in Solana’s speed and cost efficiency among major players in global finance.
Bullish, a major centralized cryptocurrency exchange, has announced the complete migration of its trading infrastructure to the Solana blockchain. The platform, which has processed over $1.4 trillion in volume, will now use Solana’s high-speed network to manage its custody, payments, and settlement operations.
The transition involves the incorporation of Solana-native stablecoins in the working system of Bullish. These digital assets will be used to transfer, settle, and remit funds within the organization, and they will substitute the old financial rails with blockchain space.
Broader Financial Market Significances
Bullish is licensed in the financial centers like Hong Kong, Germany, and Gibraltar. Through this tactical shift, Solana technology will be entrenched in jurisdictions where the regulatory system is strong. This progress provides more justifications for the role of Solana in controlled financial environments.
https://twitter.com/solana/status/1942945696061313306
This integration highlights the shift in how traditional institutions approach decentralized technologies. Solana, previously known for supporting consumer applications like NFTs, now finds broader application in core financial infrastructure. Earlier entrants such as PayPal, Fiserv, and R3 had already tapped into Solana’s ecosystem for various functions.
Institutional Confidence in Solana’s Performance
The shift is a sign of the increasing faith that Solana can provide scalable and low-cost solutions. The low cost of transactions and high throughput of Solana is a feasible replacement of the outdated financial systems, especially those that institutional players are using.
At the time of the last update, SOL, the native coin of Solana, cost 153.79 USD with a 1.95% growth over the last 24 hours. The volume of trade increased by 4.06% to 4.24 billion dollars. These statistics depict the increased use that could be attributed to institutional demand.
Bullish’s complete adoption of Solana positions the blockchain for deeper involvement in global finance. The shift suggests that decentralized infrastructure is becoming a serious component in the architecture of modern financial systems.
The post Solana to Power Bullish Exchange’s Full Crypto Infrastructure appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
