Bullish Exchange Seeks U.S. IPO as Crypto Market Revives
Business/Finance

Bullish Exchange Seeks U.S. IPO as Crypto Market Revives

Bullish has filed confidentially with the SEC for an IPO, spurred by the resurgence of digital asset interest following favorable regulation under the Trump administration.

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Crypto exchange Bullish has confidentially filed for a U.S. initial public offering, as reported by the Financial Times on June 11, 2025. This move comes in response to increased enthusiasm for digital assets, bolstered by regulatory support from the Trump administration and following Circle’s successful IPO.

Key Details:

  • The filing follows Bullish’s previous attempt for a SPAC deal that failed in 2021.
  • Bitcoin is now trading above $110,000.

The group is backed by notable figures, including Peter Thiel, who has co-founded companies like PayPal and invested in Facebook. The confidential filing allows Bullish to schedule a public listing while keeping specific financial details private. Jefferies will handle the underwriting for this IPO.

Bullish’s previous attempt to go public failed amid market instability. This new filing coincides with positive trends in the digital asset market as pro-crypto sentiments increase post-election.

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