Bullish Crypto Exchange Files to Go Public, Aiming to List on NYSE
2025-07-19 09:40:46
Main Idea
Bullish, a cryptocurrency exchange backed by Peter Thiel, has filed for a U.S. IPO aiming to list on the NYSE, reporting over $2.5 billion in average daily trading volume in Q1 2025.
Key Points
1. Bullish plans to list on the New York Stock Exchange under the ticker symbol 'BLSH'.
2. The exchange reported average daily trading volumes exceeding $2.5 billion in Q1 2025.
3. Bullish is backed by Peter Thiel’s Founders Fund and Thiel Capital, along with investments from Nomura and Mike Novogratz.
4. The exchange holds over 24,000 BTC as of March 31, including 780 BTC invested in Bitcoin funds.
5. The digital asset space has seen notable public listings in 2025, including Circle and Galaxy Digital.
Description
Bullish, the cryptocurrency exchange backed by Peter Thiel, took a major step toward becoming a publicly traded company by filing for an initial public offering (IPO) on Friday. Key Takeaways: Bullish filed for a U.S. IPO aiming to list on the NYSE under the ticker “BLSH.” The exchange reports over $2.5 billion in average daily trading volume in Q1 2025. Bullish’s IPO follows a wave of crypto companies going public amid growing institutional adoption. The firm, led by CEO Tom Farley, a former pr...
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