- Bullish Global, a popular crypto exchange operator, eyes for an IPO.
- More companies entering in crypto space amid positive Trump’s crypto policies.
Bullish Global plans to file for an initial public offering (IPO) soon. It is a renowned crypto exchange operator supported by Peter Thiel. The firm is working with Jefferies Financial Group for the filing of an IPO.
Bullish Global is a subsidiary of Block.one and develops financial services for the Crypto sector. Moreover, the company also operates a digital assets trading platform. And, it acquired top crypto media firm CoinDesk from Digital Currency Group in November 2023.
Bullish Global, guided by CEO Tom Farley, has over 275 employees and offices in the US, Hong Kong, Singapore, Gibraltar, and the Cayman Islands. The company declared to go public in 2021 but failed to do so and put the plan on hold.
Bullish is a subsidiary of Block.one, a blockchain software company whose backers include Thiel, Richard Li, Louis Bacon, and Richard Li. Brendan Blumer founded the Bullish in 2021 with about $10 billion in digital assets and cash.
In 2018, Block.one raised $4 billion of the funds through an initial coin offering (IPO). However, the company faced $24 million fine for this act as they were unable to register the ICO with the US Securities. At that time, this fund was among the largest ones.
Bullish Expectations On Crypto Sector
Industry experts consider it as a bullish move amid Donald Trump’s pro-crypto agenda. Trump’s embrace of crypto advanced the number of companies entering in the crypto sector ahead with plans to go public.
As the crypto industry is going mainstream and Donald Trump is planning for the Strategic Bitcoin Reserve, corporations are attracted to this sector.
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