On July 19, according to CNBC, Bullish, a crypto trading platform under Block.one (now Vaulta), applied for an IPO in the United States this Friday, planning to list on the New York Stock Exchange with the stock ticker "BLSH".
The IPO document states that as of March 31, Bullish's total trading volume since its launch has exceeded $1.25 trillion. In the first quarter of 2025, Bullish's daily trading volume exceeded $2.5 billion. Its main competitors include Binance, Coinbase, and Kraken. In the document submitted to the US Securities and Exchange Commission, Bullish stated that part of its mission is to "drive the adoption of stablecoins, digital assets, and blockchain technology".
Bullish is a derivative company of Block.one, with initial investments from Thiel's Founders Fund and Thiel Capital, as well as Nomura Securities, Mike Novogratz, and others. Additionally, Bullish acquired the cryptocurrency news website CoinDesk in 2023.
