From red to green: The crypto exchange Bullish exceeds expectations in Q2
Thu 18 Sep 2025 ▪ 5 min read ▪
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Centralized Exchange (CEX)
The crypto exchange Bullish creates surprise. Recently introduced in New York, the exchange revealed second-quarter results significantly above expectations. Performances that surpass Wall Street forecasts. Bullish is also among the most media-covered crypto IPOs of the year, alongside Circle, Gemini, and eToro.
In summary
Bullish shows $57 million in revenue in Q2 and earnings per share of $0.93, above expectations.
Transaction volumes reach $179.6 billion, a 35% year-over-year increase.
With its New York BitLicense, Bullish anticipates a solid third quarter despite a slight projected slowdown.
A financial performance that surprises Wall Street
Bullish published its second-quarter results for 2024 on Wednesday, marking its impressive debut as a public company. The crypto exchange generated a revenue figure of $57 million, surpassing Wall Street estimates set at $55.75 million.
$wakkEven more impressive, earnings per share stood at 93 cents, literally smashing analysts' forecasts that expected a loss of 6 cents.
This spectacular transformation is reflected in the company's net profit. Bullish recorded a profit of $108.3 million for the quarter ending June 30, a stunning turnaround compared to the loss of $116.4 million in the same quarter the previous year.
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