Update
Bullish Integrates Bitcoin Options with Elwood Technologies for Post-Trade Management
Bullish, an exchange designed for institutional clients, has integrated its Bitcoin options trading with Elwood Technologies for post-trade management. This integration allows Bullish clients to see their options positions alongside their other portfolio data within Elwood’s institutional platform. Elwood Technologies provides an end-to-end modular system for digital asset firms, covering execution management, portfolio management, risk, collateral, and reconciliation across various crypto trading venues. The integration is part of Bullish’s efforts to enhance institutional efficiency and market visibility for Bitcoin options trading. Bullish’s options business, launched around October 8, 2025, was initially limited to European-style contracts settled in USDC. By early 2026, Bullish had become the second-largest Bitcoin options exchange globally by open interest. The integration with Elwood Technologies strengthens Bullish’s position as a comprehensive platform for institutional crypto, as it connects to more than 40 venues and holds SOC 2 Type II and ISO 27001 certifications for security and controls. The integration is expected to streamline operations and improve market transparency for institutional clients.