Bullish starts IPO process and may pave the way for new offerings in the crypto sector
Bullish, a cryptocurrency exchange that also owns the CoinDesk website, has submitted an initial public offering (IPO) application with the goal of raising up to US$ 629 million. The company is valued at US$ 4.2 billion. This move reinforces the trend of blockchain sector companies seeking the traditional stock market.
Other major companies in the segment, such as BitGo and Grayscale, have also recently filed for IPOs. Exchanges like Kraken and OKX are reportedly negotiating to follow the same path.
This increase in the number of IPOs may indicate a new phase for the sector, with greater institutional interest and advances in regulation. If Bullish is successful, it could encourage other crypto companies to go public as well.
Binance, in line with this scenario, launched a campaign in the Task Center of the app, where users can earn points by participating in activities related to the theme, such as creating posts with the hashtag #IPOWave. The campaign runs from August 6 to 7, 2025 (UTC).
