According to TechFlow news on July 19, reported by CNBC, the cryptocurrency trading platform Bullish, backed by former PayPal CEO and the parent company of EOS (now Vaulta) Block.one, applied for an IPO in the U.S. this Friday, planning to list on the New York Stock Exchange under the ticker symbol 'BLSH.'
The IPO document states that as of March 31, Bullish has surpassed a total trading volume of $1.25 trillion since its launch. In the first quarter of 2025, the daily average trading volume on the Bullish exchange exceeded $2.5 billion. Major competitors include Binance, Coinbase, and Kraken. Bullish stated in the documents submitted to the U.S. Securities and Exchange Commission that part of its mission is to 'promote the adoption of stablecoins, digital assets, and blockchain technology.'
Bullish is a spinoff of Block.one, with initial investments from Thiel's Founders Fund and Thiel Capital, as well as Nomura Securities, Mike Novogratz, and others. Additionally, Bullish acquired the cryptocurrency news website CoinDesk in 2023.
