Bullish, a digital asset exchange with accumulated trading volume exceeding $1.4 trillion, has transitioned its core infrastructure to Solana – a high-performance blockchain with fast transactions and a stable stablecoin ecosystem.
They will use Solana's native stablecoin for custody, trading, payment, and settlement services, paving the way for significant advancements in the adoption of blockchain infrastructure within institutional finance.
MAIN CONTENT
Bullish prioritizes the use of Solana's stablecoin across all its trading and payment operations.
The transition helps reduce latency, costs, and increase transaction processing speeds for institutional clients.
This move reinforces Solana's position within both the DeFi and traditional ecosystems.
Why is Bullish choosing Solana as its main payment platform?
Bullish decides to integrate with Solana to leverage the advantages of speed, efficiency, and scalability of this network, while positioning itself at the intersection of centralized and decentralized finance.
Tom Farley, CEO of Bullish, stated: "Solana has proven to be the ideal platform for the next-generation financial infrastructure, being both fast and suitable for institutional scale." The average daily trading volume of Bullish in Q1/2025 reached over $2.5 billion, affirming its leading position in institutional asset cash flow.
"The partnership with Solana marks an important transformation, bringing the speed and efficiency needed for the modern financial market."
Tom Farley, CEO Bullish, 4/2024
Bullish will transition all payment, custody, and settlement operations to use Solana's native stablecoin, leveraging the network to develop more advanced digital asset products.
What is the importance of adopting Solana's stablecoin in Bullish's operations?
Solana's native stablecoin application helps Bullish optimize transaction costs, minimize delays, accelerate payment speeds, and enable more efficient liquidity management at scale.
This is a significant advancement as many institutional transactions require stability with low latency. Solana provides DeFi tools and a unified ecosystem that helps Bullish maintain flexibility while integrating with traditional CeFi solutions.
How does Bullish operate and position itself within the regulatory framework?
Bullish stands out by focusing on regulatory compliance, holding licenses to operate in Hong Kong, Germany, and Gibraltar, creating a solid legal foundation compared to many other cryptocurrency exchanges.
They operate an AMM liquidity protocol optimized for institutional cash flow, balancing market efficiency and transaction transparency.
"Solana is built to meet the demands for performance, scale, and practical application, making it an ideal platform for organizations like Bullish."
Lily Liu, President of the Solana Foundation, 3/2024
Bullish's ownership of infrastructure on Solana contributes to enhancing the credibility and feasibility of blockchain in regulated finance.
What drivers does this transformation support in the cryptocurrency financial market?
Bullish's collaboration with Solana comes at a time when many large corporations are experimenting with or adopting Solana for complex financial applications, from Fiserv's cross-border payments to the securities payment platform deployed by R3.
Tom Farley emphasizes: "This is a foundational shift for institutional finance towards a more unified on-chain infrastructure, faster and lower costs. Solana simplifies the user experience and reduces payment friction."
This demonstrates the convergence of centralized and decentralized financial services is becoming increasingly evident, with major institutions no longer viewing public blockchain as a test model but rather as a strategic foundation for the future.
Frequently Asked Questions
What services does Bullish use Solana for? Bullish uses Solana for custody, trading, payment, and settlement with the native stablecoin. Why did Bullish switch to using Solana's stablecoin? To reduce costs, speed up transactions, and leverage the DeFi ecosystem. How does Bullish ensure regulatory compliance? They hold licenses to operate in Hong Kong, Germany, and Gibraltar, ensuring market credibility. How does this transition affect the cryptocurrency market? This is a sign that institutional finance is strongly integrating blockchain technology with high performance. What standout strengths does Solana offer for financial institutions? Solana excels in processing speed, low costs, scalability, and a rich stablecoin ecosystem.
Source: https://tintucbitcoin.com/solana-chuyen-toan-bo-sang-blockchain/
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