#BullishIPO Bullish is not directly related to Binance itself. Bullish is a cryptocurrency exchange backed by Peter Thiel, a billionaire investor, and has gone public (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol BLSH.

*What is Bullish?*

- A cryptocurrency exchange that provides spot, margin, and derivatives trading for institutional investors

- Backed by Peter Thiel and other investors such as Mike Novogratz and Alan Howard

- Has a large trading volume, with a daily average reaching $2.5 billion in the first quarter of 2025

*Bullish Market Debut*

- Bullish shares soared 83% on the first day of trading after the IPO, from a price of $37 to $68

- Then rose again to $75 in after-hours trading

- The Bullish IPO raised $1.1 billion and gave it a market valuation of $9.9 billion

So, the Bullish IPO on Binance actually refers to the success of the Bullish cryptocurrency exchange in conducting its IPO and market debut on the NYSE, not directly related to Binance as another cryptocurrency exchange.