#BullishIPO is a cryptocurrency exchange that also owns CoinDesk, aiming for an IPO with a target of raising 629 million USD at a valuation of 4.2 billion USD.

They are not alone… Major names like BitGo and Grayscale are lining up, while Kraken and OKX are also rumored to join the IPO race.

The question is: Will Bullish's success trigger a chain reaction of cryptocurrency IPOs and open the door for more blockchain giants to go public?