CAREERS

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. These include: Bullish Exchange – a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in Germany, Hong Kong, and Gibraltar. CoinDesk Indices – a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries. CoinDesk Data - a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights – a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology.

Reports to:

Position Overview
We are seeking a passionate and experienced Product Manager to join the Bullish Product Management team. You will be instrumental in defining the execution and launch of our US regulated derivatives business (FCM, DCM, DCO) and associated products.

Your role will focus on the development of sophisticated trading and clearing solutions required to stand up a regulated Futures Commission Merchant (FCM), Designated Contract Market (DCM), and Derivatives Clearing Organization (DCO). This includes the integration of US-specific trading workflows, the implementation of regulatory reporting models, and the enhancement of our risk management capabilities for perpetual futures, dated futures, and options.

Your expertise will drive the evolution of our US platform, ensuring excellence in innovation, user experience, and strict compliance with CFTC regulatory standards.

This position is an excellent opportunity for someone with an entrepreneurial spirit that is passionate about building innovative products, specifically bridging the gap between traditional regulated market structures and the digital asset space.

Responsibilities:

• Help to craft and implement a strategic vision for our US derivatives offering, with a particular focus on the lifecycle of a trade across FCM, DCM, and DCO stacks.

• Define & monitor product success metrics for regulated futures and options products.

• Provide detailed feedback on the technical development of the US platform, including the design of regulatory compliant matching engines, segregation of customer funds workflows, and clearing/settlement logic.

• Collaborate with Engineering, Quant, Risk, Legal, Compliance, and Operations teams to ensure the technical reliability, scalability, and regulatory alignment of our trading platform.

• Act as the bridge between technical teams and regulatory requirements, ensuring that products are built to satisfy obligations for a US regulated entity (e.g., CFTC Parts 1, 38, 39).

• Utilize quantitative skills to assist in the integration of financial models for initial margin, variation margin, and stress testing, ensuring our DCO capabilities offer sophisticated risk management.

• Perform in-depth market analysis of the US derivatives landscape (both traditional and crypto-native) to identify trends and competitive advantages.

• Advocate for an exceptional user experience, ensuring that our trading products are accessible to US institutional clients while maintaining the robust controls required by regulators.

• Maintain a deep understanding of the regulatory landscape affecting digital asset trading in the US, ensuring that all products comply with local financial regulations and industry standards.

• Create, support and monitor Product Management best practices alongside other leaders.

• Some domestic & international travel is required.

• Other duties as assigned.

Experience & Qualifications:

• Bachelors or preferably an advanced degree in a relevant field (e.g. Finance, Economics, Computer Science, Engineering, etc.).

• 5+ years in product management or related functional roles (Operations, Risk) within the financial services industry.

• Understanding of the full trade lifecycle and underlying technology infrastructure within a regulated US FCM, DCM, or DCO.

• Knowledge of derivatives markets and products (Futures, Options), with experience in clearing workflows, collateral management, and trade execution.

• Demonstrated ability to innovate and deliver complex financial products within traditional financial markets or digital assets.

• Exceptional organizational skills with a proven ability to lead cross-functional technical initiatives in a fast-paced environment.

• Advanced analytical abilities with a data-driven approach to product strategy and decision-making.

• Outstanding communication skills, capable of conveying complex technical and regulatory concepts to diverse audiences, including non-technical stakeholders.

• Comfortable working in a dynamic organization where priorities can change frequently.

Extra Points:

• You have experience launching a new product or entity within the US regulated derivatives space (e.g., helping stand up a new exchange or clearinghouse).

• In depth knowledge of blockchain technology, digital assets, and how they interact with traditional regulatory frameworks.

• You bring a problem solving mindset to the table at all times! No problem is too big.

• Passion for the digital asset industry, a proactive approach to learning, and a keen interest in staying up-to-date with the latest trends and developments.

Bullish US LLC & CoinDesk Inc. are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $145,000 - $175,000 + discretionary annual target bonus + performance incentives/benefits. Offered salary will be reflective of job related knowledge, skills and commensurate experience.

Bullish is proud to be an equal opportunity employer. We are fast evolving and striving towards being a globally-diverse community. With integrity at our core, our success is driven by a talented team of individuals and the different perspectives they are encouraged to bring to work every day.