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Bullish.com

Block.one's high-performance BTC exchange

Bullish operates as a blockchain-native exchange built on infrastructure from Block.one, combining spot and derivatives trading with integrated DeFi rails. The platform prioritizes speed and capital efficiency for institutional and retail traders. The tracked addresses on this page hold Bitcoin across multiple on-chain wallets, reflecting operational reserves and custody practices typical of active trading venues.

The wallets identified here were attributed through blockchain analysis and public disclosures. Bullish maintains self-custody of a portion of user and operational Bitcoin, stored across the addresses listed here. This decentralized approach differs from centralized exchanges that rely on third-party custodians, allowing Bullish to retain direct control over settlement and liquidity pools.

/ Overview
On-chain footprint
11
Tracked addresses
1
Networks · BTC
—
First seen on-chain
/ Context
On-chain custody structure

Bullish's Bitcoin holdings span multiple self-managed wallets rather than consolidated cold storage vaults. This distribution pattern reflects the exchange's operational design, where liquidity pools and settlement buffers are maintained separately to optimize trading velocity. The verified wallets show consistent activity aligned with order-book operations and user withdrawals.

/ Vault
All 11 addresses
Showing 11 of 11
0131pha48edxpj1xgmckrqylwlxpyyjrmsabBTCVIEW
02324h9uytv9bpgavgmdjnxpkkkzmowk5cyqBTCVIEW
0332acqis8fbysrrhtm5mt9d6hbty61l9st4BTCVIEW
04339ee2psesw6ubeuhu1szfnvvctla6dpldBTCVIEW
05382ccm2mztd5ppje9kngh6yk2rlw4lhjsfBTCVIEW
063cdvzfae6aw9k4ospyxc7br1xlxcpkxausBTCVIEW
073ctpbmp8uwtchjbjmyve8vppychtzj2hbhBTCVIEW
083e84unqnu4xah4jmujm9rk3avjdvmlhrzcBTCVIEW
093f2sbzxwhrblbf3pzbvrhbuxzagpokn7ylBTCVIEW
103mhanbu5ffym6g2ttkexoznem4wgk2stxjBTCVIEW
113n1cbebbqwspfay1in2vkeyv5fzpqwjd3xBTCVIEW
/ See also
Related entities
/ Questions
FAQ
Does Bullish use a third-party custody provider for its Bitcoin?
No. Bullish operates self-custody for its Bitcoin holdings, maintaining direct private key control across the wallets tracked here. This gives the exchange full operational authority over settlement and reserve management without relying on external custodians like Coinbase or Kraken.
What is Bullish's main product offering?
Bullish provides a spot and derivatives exchange for Bitcoin and other cryptocurrencies, paired with decentralized finance integrations. The platform emphasizes low-latency trading and transparent on-chain settlement, designed for users who want exchange functionality with blockchain-level transparency.
How were these Bitcoin wallets attributed to Bullish?
The addresses listed here were identified through blockchain clustering, entity disclosures, and transaction pattern analysis. These represent selected verified wallets associated with Bullish operations, not the complete totality of Bitcoin the entity may control across all infrastructure.
Is Bullish actively trading or accumulating Bitcoin?
Bullish's tracked addresses show regular transaction flows consistent with exchange operations: user deposits, withdrawals, and inter-wallet transfers for liquidity management. Activity levels reflect operational volume rather than passive long-term accumulation patterns.