#BullishIPO How Did Peter Thiel-Backed Crypto Exchange Bullish's IPO Go?

Key Points

• The Trump administration has provided major tailwinds for the crypto industry, with large-cap coins and tokens enjoying eye-catching gains this year. 

• Investors can increasingly gain exposure to crypto through the traditional equities market.

• The latest example is Bullish, a Peter Thiel-backed crypto exchange that had its IPO on Wednesday, Aug. 13.

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It’s been a good year for the financials sector. Between President Trump’s deregulatory platform and the anticipation of the Federal Reserve cutting interest rates at its September meeting, financials have put together a strong performance. Its 8.55% year-to-date gain ranks fifth among all 11 sectors of the S&P 500. But that corner of the market is no longer reserved for banks, asset management companies, or payment processors. 

The Trump administration has been equally bullish for crypto. Since Inauguration Day, Bitcoin (BTC) is up 20.10%, XRP (XRP) is up 44.05%, and Ethereum (ETH) is up 48.33%. And with the crypto industry no longer in its infancy, investors are now afforded opportunities to gain exposure beyond hot and cold wallets. #BinanceSquareTalks $BTC