Bullbit
Bullbit is a Singapore-based decentralized perpetual derivatives exchange on a proprietary App Rollup architecture, serving retail and institutional traders via self-serve, wallet-based onboarding and Chainlink-integrated oracle infrastructure.
- Company typePrivate
- Founded-
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2C
- OfferingSoftware
What Bullbit does
Bullbit is a Singapore-based decentralized perpetual derivatives exchange (Perp DEX) that runs on a proprietary App Rollup architecture designed for derivatives trading at institutional-grade safety standards. The platform's core product — Bullbit Perp DEX — supports perpetual swaps such as BTCUSD and is built around an Inclusion Queue mechanism that allows users to withdraw funds directly from L1 even if the exchange stops operating. Bullbit has secured standard integrations with Chainlink for oracle price feeds across six blockchains and formed a strategic security partnership with publicly listed Web3 auditor Hacken, under which the App Rollup received an initial 'Zero Critical Bug' design rating ahead of formal penetration testing.
The platform serves both retail and institutional derivatives traders, segmented horizontally across a single product surface. Onboarding is fully self-serve via a wallet-based product at app.bullbit.ai, with no intermediaries in the distribution path; users can create a wallet and begin trading immediately. Technology differentiators emphasized in positioning include the custom rollup architecture, the L1 withdrawal safety mechanism, and audited-by-design security claims intended to draw institutional capital that has historically avoided DeFi venues.
The business model is a transaction-fee model on perpetual derivatives volume processed through the App Rollup. Pricing terms are not publicly disclosed, no customer logos are named, no revenue figure is available, and the website's headline Total Volume, Wallets Created, and TVL metrics are not yet populated. With 51–100 employees, no disclosed funding rounds, and no ownership or investor information surfaced, Bullbit currently reads as a privately held, early-traction DeFi venue whose measurable scale metrics remain undisclosed.
Bullbit firmographics
Firmographics- Name
- Bullbit
- Website
- https://bullbit.ai
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Bullbit is a Singapore-based decentralized perpetual derivatives exchange on a proprietary App Rollup architecture, serving retail and institutional traders via self-serve, wallet-based onboarding and Chainlink-integrated oracle infrastructure.
- Ownership category
- akta.pro rank
Bullbit industry classification
Industry- Product category
- Decentralized Derivatives Exchange
- NAICS
- Securities and Commodity Exchanges (5232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Perpetuals & Derivatives DEXs (FSADABAE)
- akta.pro secondary industry
- Decentralized Derivatives (perps, options, futures, synthetics) (FSAPAEAC)
Keywords
Where Bullbit is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Bullbit business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales
Revenue model
- Decentralized Derivatives Trading Fees: Revenue generated from trading fees on perpetual dex (PERP DEX) operations. As a decentralized platform, fees are likely collected on trading volume processed through the App Rollup infrastructure.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Bullbit product offering
Product offeringCore offering
Bullbit operates a decentralized perpetual derivatives exchange (Bullbit Perp DEX) that enables users to trade perpetual futures contracts such as BTCUSD directly through a wallet-connected web application. The platform is built on a proprietary App Rollup architecture and incorporates an Inclusion Queue mechanism that allows users to withdraw funds directly from Layer-1 even if the exchange halts operations, providing institutional-grade safety standards in DeFi derivatives trading.
Product overview
Bullbit offers a single unified product: Bullbit Perp DEX, a decentralized perpetual derivatives trading platform. The platform features an App Rollup infrastructure designed to provide a trading experience where users do not need to directly interact with blockchain complexity ('Trade like there's no blockchain'). The App Rollup architecture includes security mechanisms such as an Inclusion Queue enabling direct L1 withdrawals and has been audited for institutional-grade safety standards through a partnership with Hacken.
Differentiator
Problem solved
Functional benefit
Products and services
- Bullbit Perp DEX A decentralized perpetual derivatives exchange (Perp DEX) that enables users to trade perpetual futures contracts such as BTCUSD directly via wallet connection. Built on a custom App Rollup architecture with an Inclusion Queue mechanism that allows direct L1 fund withdrawals, it is designed for retail and institutional derivatives traders seeking institutional-grade safety in DeFi.
Quantifiable outcome
- Zero Critical Bug rating by design for App Rollup infrastructure
Companies that use Bullbit
Customer profileSegments1 record
Ideal customer profiles1 record
Bullbit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Bullbit partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered standard and core.
- ChainlinkstandardChainlink implemented 14 standard integrations across 7 service types covering 6 different blockchains. Bullbit PERP DEX is listed among integration partners receiving oracle services for price feeds and data reliability.
- HackencoreStrategic partnership with Hacken, a Web3 security auditor and publicly listed company, to establish institutional-grade safety standards for Bullbit's App Rollup infrastructure ahead of formal penetration testing. Hacken's transparency standards comparable to NASDAQ/NYSE-listed companies are positioned to attract institutional capital to the platform.
Scale indicators3 records
Recent moves4 records
Expansion highlights3 records
Bullbit competitors and assessment
Company assessmentDirect peers
- Aevo: Aevo is a decentralized exchange specializing in options and perpetual futures, built on its own application-specific rollup. It is a direct peer to Bullbit in on-chain derivatives trading with similar institutional-focused positioning.
- dYdX: dYdX is a pioneering decentralized perpetuals exchange with its own application-specific chain and on-chain order book. It directly competes with Bullbit for perpetuals trading volume and shares the same horizontal target market of derivatives traders.
- Gains Network (gTrade): Gains Network operates gTrade, a decentralized synthetic leveraged trading platform offering perpetual contracts on crypto, forex, and stocks. It is a direct peer to Bullbit in decentralized perpetual derivatives trading.
- Hyperliquid: Hyperliquid is the leading decentralized perpetual futures exchange by volume, operating its own L1 app-chain (Hyperliquid L1) with an on-chain order book. It is a direct competitor to Bullbit in the perps DEX category, sharing the same decentralized derivatives trading model and target customer base.
- Drift Protocol: Drift is a leading Solana-based decentralized perpetual futures exchange with an on-chain order book and vault-based liquidity. It is a direct competitor to Bullbit in the on-chain perps category, particularly for the multi-chain retail segment.
- Perpetual Protocol: Perpetual Protocol is one of the earliest decentralized perpetual futures exchanges, initially on xDai and now on its own chain. It is a direct peer to Bullbit in the perps DEX category with overlapping target customers and product offering.
- GMX: GMX is a decentralized spot and perpetual exchange using a multi-asset liquidity pool model. It is a direct competitor to Bullbit in the perps DEX category, serving the same retail and institutional derivatives trader segments.
- Vertex Protocol: Vertex Protocol is a decentralized derivatives exchange offering perpetual futures and spot trading via a cross-margin order book. It is a direct perps DEX peer to Bullbit with comparable product surface area and target users.
Broad incumbents
- Bybit: Bybit is a major centralized derivatives exchange offering perpetual futures with deep liquidity. It is a broad incumbent competing for the same derivatives trading demand as Bullbit, though via centralized infrastructure rather than a DEX model.
- Binance: Binance is the world's largest centralized crypto exchange with deep perpetual futures liquidity across hundreds of pairs. It is a broad incumbent in the same derivatives trading category as Bullbit, but operates via centralized custody and order matching rather than on-chain.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Bullbit social profiles
Digital presenceBullbit compliance and trust
Trust signalCompliance1 record
Bullbit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bullbit leadership team
Management profileNumber of profiles
Bullbit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bullbit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bullbit
What does Bullbit do?
Bullbit operates a decentralized perpetual derivatives exchange (Bullbit Perp DEX) that enables users to trade perpetual futures contracts such as BTCUSD directly through a wallet-connected web application. The platform is built on a proprietary App Rollup architecture and incorporates an Inclusion Queue mechanism that allows users to withdraw funds directly from Layer-1 even if the exchange halts operations, providing institutional-grade safety standards in DeFi derivatives trading.
Is Bullbit a public or private company?
Bullbit is a private company. It is classified as unknown and is currently operating.
When was Bullbit founded?
Bullbit was founded in -1. It employs 51 to 100 people.
Where is Bullbit based?
Bullbit is headquartered in Singapore, Singapore, in the Asia region.
How does Bullbit make money?
One revenue line is on record: decentralized Derivatives Trading Fees.
Who are Bullbit's main competitors?
Direct peers on record are Aevo, dYdX, Gains Network (gTrade), Hyperliquid, Drift Protocol, Perpetual Protocol, GMX and Vertex Protocol. Broad incumbents are Bybit and Binance.
Does Bullbit have an API?
No public API is recorded for Bullbit.
What industry is Bullbit in?
Bullbit's product category is Decentralized Derivatives Exchange. Its primary akta.pro industry code is FSADABAE, Perpetuals & Derivatives DEXs, with a secondary code of FSAPAEAC, Decentralized Derivatives (perps, options, futures, synthetics). Its NAICS code is 5232 and its SIC code is 6200.