Bullish Review 2026
Registered exchange with real regulatory records.
Bullish is a crypto exchange founded in 2021. It holds a GFSC (Gibraltar DLT) registration on the public register.
The record
On file, Bullish traces to 2021, with its operating base recorded in Cayman Islands. Shares trade publicly under NYSE:BLSH, so its accounts sit in the open. The order book covers 60 coins and trading pairs, spanning spot and, where a jurisdiction permits, derivatives. The mandate stays inside crypto, spot and derivatives, nothing more.
Execution runs through Bullish's own web, mobile and API stack. No copy-trading layer is offered on the platform.
| Founded | 2021 |
| Headquarters | Cayman Islands |
| Listed coins | 60 |
| Platforms | Web, API |
| Copy trading | No |
Custody & proof
Registration with GFSC (Gibraltar DLT) places the exchange on an official public register, subject to that authority's AML and conduct rules. Confirm the current status directly on the regulator's own register.
| Regulator | Licence | Entity |
|---|---|---|
| GFSC (Gibraltar DLT) | Registered ✓ | Bullish (GI) Limited |
| BMA (Bermuda DABA) | Registered ✓ | Bullish |
Cross-check the GFSC (Gibraltar DLT) entry yourself at oracl8.com. Each record returns the licensed entity, its current authorisation state, and the exact activities it is cleared to run, a lookup that costs about a minute.
Fee schedule
The rates below are the standing fees on Bullish. Both sides of the book move with your rolling 30-day volume, and holders of the venue's native token typically settle at a discount.
| Taker fee | 0.1% |
| Maker fee | 0.00% |
| BTC/USD trading fee | 0.1% |
| ETH/USD trading fee | 0.1% |
| Withdrawal cost | Network fee only (varies by coin) |
At 0.1%, the Bullish taker fee reads as one of the sharpest posted by any registered venue of this size.
Withdrawals, cost and timing
Fee: None. Bullish does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No payout clears until identity checks are settled. An account still short of full verification, identity and address on file, will see the timeline stretch. Once a record is complete, payouts track the figures above.
Minimum deposit, entity by entity
What you must fund to open depends on which Bullish entity your country routes to. Offshore books tend to set the bar lower, in exchange for thinner regulatory cover.
| Entity | Regulator | Min deposit | Max leverage |
|---|---|---|---|
| Bullish (GI) Limited | GFSC (Gibraltar DLT) · Registered | None | 1:1 |
| Bullish | BMA (Bermuda DABA) · Registered | None | 1:1 |
Bullish vs Bitfinex
| Bullish | Bitfinex | |
|---|---|---|
| Primary regulator | GFSC (Gibraltar DLT) Registered | El Salvador DASP Registered |
| Min deposit | None | None |
| Taker fee | 0.1% | 0.1% |
| Listed coins & pairs | 60+ | 65+ |
| Copy trading | No | No |
| Withdrawal fee | None | Varies |
Both records check out as registered venues. The case for Bullish rests on its platform and the breadth of its coin list; Bitfinex pulls ahead where a trader weighs the reach of its specific licensed entities more heavily.
Registrations on file
| GFSC (Gibraltar DLT) | Registered, Bullish (GI) Limited |
| BMA (Bermuda DABA) | Registered, Bullish |
For retail accounts across the EU and UK, leverage on crypto derivatives is held to 1:1 by local rule.
Strengths and weak points
What works
- GFSC (Gibraltar DLT) regulated
- No minimum deposit
- No inactivity fee
- Low taker fee from 0.1%
What does not work
- No tier-1 registration on file (FCA, MAS, NYDFS or MiCA)
- No copy trading
The verdict
The records place Bullish as a registered, operating crypto exchange, GFSC (Gibraltar DLT) Registered confirms on the public file. The best fit is traders who want 60 coins and pairs reachable through a registered venue. Score: 4.0 out of 5.
Alternatives to Bullish
Should Bullish miss the mark, the registered venues below are worth setting side by side:
Frequently asked questions
Is Bullish safe?
Registration with GFSC (Gibraltar DLT) places the exchange on an official public register, subject to that authority's AML and conduct rules. The GFSC (Gibraltar DLT) record sits on the official register in public view, open to anyone who wants to confirm it.
What is the Bullish minimum deposit?
None covers the primary regulated entity. Offshore books can set a different bar, so the entity table above is the place to read the figure that applies to your country.
What is the Bullish trading fee?
On the record, Bullish charges about 0.1% to take and 0.00% to make. The schedule tapers as 30-day volume climbs, and native-token holders usually clear at a reduced rate.
How long does Bullish take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Bullish charge withdrawal fees?
None. Bullish does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Bullish have an API?
Yes. Beyond its web and mobile front ends, Bullish exposes a public REST and WebSocket API, the hook for automated strategies, custom bots, and outside portfolio tools that read from an account.