🚨 Bullish is heading for an IPO: The first crypto exchange backed by Peter Thiel enters the NYSE!
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📈 IPO Details:
– Bullish has filed an official application for an IPO on the New York Stock Exchange under the symbol BLSH
– The company has more than $874M in cash and $2.4B in customer assets, including $963M in BTC and $1B in EOS
– It recorded a net profit of $150M in 2023, despite a loss of $349M in the first quarter of 2025
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📦 Additional Notes:
– The platform executed daily trades averaging $2.5B in Q1 2025, placing it among the top 5 global exchanges for BTC and ETH trading
– The IPO is led by firms such as JPMorgan, Jefferies, and Citigroup
– Bullish previously acquired the news site CoinDesk in 2023
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💡 Why does it matter?
– It enhances the legitimacy of crypto exchanges in traditional markets
– It paves the way for new institutional flows towards digital assets
– It demonstrates the maturity of the industry amid legislative support like the GENIUS Act signed by Trump coinciding with the application submission
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❓Do you think Bullish's entry into the public market will change the game in crypto trading?
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