Bullish and Liquid Mercury have announced a strategic partnership to enhance institutional access to crypto derivatives trading by leveraging each other’s strengths.

The partnership provides institutions with a comprehensive trading experience by integrating Bullish’s liquidity and hybrid order book with Liquid Mercury’s exceptional execution capabilities.

Bullish and Liquid Mercury Forge Strategic Partnership

Bullish Exchange integrated with Liquid Mercury on January 26, 2026, expanding institutional access to crypto derivatives. The partnership aims to leverage Bullish’s deep liquidity and hybrid order book, offering institutions a comprehensive trading experience.

Chris Tyrer, Bullish’s President, emphasized the importance of meeting institutional demands for regulated counterparties. Bullish’s backdrop includes a top-five ranking in spot Bitcoin and Ether trading, in addition to extensive daily and cumulative trading volumes achieved since its 2021 launch.

“As the institutional market for crypto derivatives matures, the demand for regulated counterparties, reliable liquidity, and sophisticated trading tools continues to rise. Our integration with Liquid Mercury addresses this need head-on, offering institutions the technology, tools, and trust they expect to trade with increased confidence.” – Chris Tyrer, President, Bullish Exchange

New Integration Enhances Institutional Derivatives Access

The integration offers seamless access to crypto derivatives, potentially increasing Bullish’s influence in the derivatives market. Liquid Mercury CEO Tony Saliba highlighted the partnership’s capability to provide best-in-class execution. This development underscores a key momentum in institutional crypto adoption.

Institutional clients might see enhanced trading efficiency, as Bullish’s hybrid system promises near-zero spreads. Derivatives traded include BTC-settled options and futures, potentially driving financial growth without specific funding or capital allocation details available currently.

Regulatory Foundations Underpin Bullish’s Market Strategy

Bullish’s prior launch of options saw $12 billion in volume within months, highlighting the exchange’s capability to quickly capture market interest. The current integration builds on Bullish’s regulatory setup under Gibraltar Financial Services Commission guidelines.

No predictions or statements from leading industry figures were publicly disclosed. However, historical trends indicate that increased access to institutional tools could significantly shift crypto market structures, fostering a more robust environment for regulated crypto derivatives.