Bullish Review 2026
The Bullish record for BM traders — registrations on file, the fee schedule, and the Oracl8 verdict.
Regulation in BM
| Regulator | BMA (Bermuda DABA) — BMA (Bermuda DABA) |
| Licence Number | Registered |
| Regulated Entity | Bullish |
| Max Leverage | 1:1 |
| Max Leverage (Crypto) | 1:1 |
| Minimum Deposit | $0 |
| Taker Fee | 0.1% |
| Listed Coins & Pairs | 60+ |
| Platforms | Web, API |
| Copy Trading | ✗ |
| Spot Ownership | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
On file with BMA (Bermuda DABA) under licence Registered. Opening figure $0. Leverage in BM capped at 1:1.
About Bullish
On the record, Bullish traces to 2021, based in Cayman Islands. Its book runs to 60 coins and trading pairs — the major cryptocurrencies alongside stablecoins and altcoins. Bullish trades publicly on the NYSE:BLSH. Its registrations span several jurisdictions, with the primary licence held by Bullish under BMA (Bermuda DABA).
Within BM, Bullish runs as Bullish, cleared by BMA (Bermuda DABA) under licence Registered. That caps a BM trader at 1:1 on crypto derivatives, per BMA (Bermuda DABA) rules.
Trading Platforms
Pros
- BMA (Bermuda DABA) regulated — licence Registered
- 60+ coins & pairs listed
- Negative balance protection in BM
- Platforms: Web, API
Cons
- No inactivity fee
- 0% of retail clients lose money
- Derivatives trading — you may not custody the underlying coin
- No spot withdrawal / custodial only
Frequently Asked Questions
Is Bullish regulated?
On file, Bullish carries BMA (Bermuda DABA) licence Registered, held by the regulated entity Bullish — a live registration you can pull up on the official BMA (Bermuda DABA) public register.
What is the minimum deposit for Bullish in BM?
The opening figure is $0 — what it takes to fund a live account for a BM trader operating under BMA (Bermuda DABA).
What leverage does Bullish offer in BM?
For BM, the BMA (Bermuda DABA) rules hold Bullish to 1:1 on crypto derivatives. An offshore-registered entity may list a higher ceiling.
Is Bullish safe to trade with?
Under BMA (Bermuda DABA), Bullish must segregate client funds, carry negative balance protection and submit to independent audit. None of that removes market risk, but it is real investor protection on the record.
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