Bullish clears longest-dated bitcoin options trade expiring in 2028

Bullish: Bullish is a regulated digital asset exchange offering spot and derivatives trading for cryptocurrencies including bitcoin. It maintains licenses from multiple international financial regulators to operate in select jurisdictions. In this news, Bullish hosted the execution of the longest-dated bitcoin options trade recorded on any digital asset exchange. Cumberland: Cumberland is a crypto-focused trading and liquidity provider serving institutional clients in digital asset markets. It supplied liquidity for the long-dated bitcoin options trade on Bullish. This activity aligns with its established function in supporting deep liquidity for complex derivatives. Fig Markets: Fig Markets operates as a brokerage connecting clients to trading venues in digital assets and related products. It brokered the longest-dated bitcoin options trade cleared on Bullish. The firm's participation underscores its role in structuring and routing institutional derivatives deals. Marex Global: Marex Global is a financial services firm specializing in trading and brokerage across commodities, equities, and digital assets. It executed the record-setting bitcoin options trade referenced in the news. The firm's involvement highlights its role in facilitating large-scale derivatives transactions on Bullish. Regulation: Bullish Exchange holds regulatory authorizations from the German Federal Financial Supervisory Authority, the Hong Kong Securities and Futures Commission, and the Gibraltar Financial Services Commission. Derivatives Innovation: The cleared trade marks the longest maturity for bitcoin options ever executed on a digital asset exchange platform.