Bullish, a crypto exchange backed by prominent investor Peter Thiel, has filed for an IPO, highlighting growing interest in cryptocurrencies among institutional investors.
Company's IPO Plans
Bullish plans to list its shares on the New York Stock Exchange under the ticker BLSH. This filing marks a further step towards integrating cryptocurrencies with traditional financial markets. CEO Tom Farley, who previously led the NYSE, represents the company in this process.
Bullish's Financial Performance
As of March 31, Bullish has processed over $1.25 trillion in total trading volume. In the first quarter of 2025 alone, its average daily trading volume reached $2.5 billion, placing the exchange among the top five platforms globally for spot Bitcoin and Ether trading.
Crypto Market and Regulations
In 2023, Bullish acquired the news outlet CoinDesk, enhancing its market position. Notably, in light of recent regulatory changes in the U.S., such as President Donald Trump's signing of the GENIUS Act aimed at consumer protection regarding stablecoins, Bullish aims to significantly promote the adoption of cryptocurrencies and blockchain technology.
Bullish's IPO filing signals growing interest in the cryptocurrency market and the ambition of companies to integrate into traditional financial structures. The exchange hopes to secure competitive positions amid the sector's active development.
