According to CoinWorld news, Bullish, the parent company of CoinDesk, has recently submitted a confidential initial public offering (IPO) application to U.S. regulators, intending to list on the New York Stock Exchange (NYSE) under the ticker symbol 'BLSH' if everything goes smoothly. However, the disclosed documents indicate that the company may be facing financial adjustments, reporting a net loss of $348.6 million for the three months ending March 31, 2025, in stark contrast to a profit of $104.8 million in the same period last year.
Nevertheless, the leadership of the exchange remains optimistic, emphasizing its mission to promote the adoption of stablecoins, digital assets, and blockchain technology. Since its establishment, the exchange's total trading volume has reached $12.5 trillion, with an average daily trading volume of $2.5 billion in just the first quarter of 2025. (Crowdfundinsider)