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DefiLlama Acquires Bulletin to Expand Private Crypto Market Data Coverage

DefiLlama’s acquisition of Bulletin integrates OTC quotes and secondary trades into LlamaPro, aiming to improve valuations and transparency for private crypto firms.

NEAR

Summary

DefiLlama announced the acquisition of Bulletin, an OTC data provider founded in 2023 by NEAR Foundation’s David Mirzadeh. Bulletin aggregates broker quotes and completed trades for private cryptocurrency companies into a public database. This data will supplement DefiLlama’s startup funding datasets, offering more accurate valuations in the secondary market for non-public crypto firms. Bulletin’s OTC data will continue to be available to LlamaPro subscribers, boosting transparency and market insight for institutional and retail users tracking private digital asset valuations.

Terms & Concepts
  • Over-the-Counter (OTC) Trading: Trading of financial instruments directly between parties without using a centralized exchange.
  • Secondary Market: A market where investors buy and sell existing securities, such as company shares, after their initial issuance.
  • Private Crypto Companies: Non-publicly traded firms in the cryptocurrency industry, whose shares or tokens are typically accessed through OTC markets.