Bullish (NYSE:BLSH), a cryptocurrency exchange backed by Peter Thiel, debuted with its IPO, raising up to $629 million and targeting a $4.2 billion valuation. It specializes in institutional-grade digital asset trading, providing advanced tools like automated market-making for hedge funds and corporations. Bullish focuses exclusively on trading Bitcoin and Ethereum, insulating its operations from more volatile tokens. Shares rose 83% on the first trading day, indicating strong market enthusiasm. Investors are contemplating whether to buy or wait for a potential valuation correction amidst continued trading strength.
Bullish, backed by Peter Thiel, made a stellar debut, raising up to $629 million with an initial valuation of $4.2 billion, and secured an 83% surge on its IPO.
The platform focuses on institutional-grade trading for Bitcoin and Ethereum, prioritizing regulatory compliance and liquidity to bridge traditional finance and crypto markets effectively.
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