#BullishIPO Bullish IPO: a new wave for the crypto market
The Bullish crypto exchange went public on the New York Stock Exchange (NYSE) and immediately showed a cosmic start.
๐ IPO price โ $37
๐ฅ On the first day โ a jump to $118 (+218%)
๐ Closing the day at $68 (+83% before the start)
The company raised $1.1 billion and received a valuation of over $5.4 billion. This is not only a record for Bullish itself, but also a strong signal for institutions: the crypto market is becoming more and more attractive for large players.
๐ Why is this important:
โข Institutional investors are actively entering crypto.
โข Bullish's success may push other exchanges to IPO (Gemini is already on the way).
โข The trend towards legalization and transparency of crypto companies is only intensifying.
โ What do you think: is this a long-term trend or a short-term hype?