Bullish Crypto Exchange Lists on NYSE, Raising $1.1 Billion in IPO

Crypto exchange Bullish made its highly anticipated debut on the New York Stock Exchange (NYSE) under ticker symbol ‘BLSH’ after raising $1.1 billion through an initial public offering (IPO). The strong institutional interest in cryptocurrency is reflected by this landmark event, with potential ripple effects on Bitcoin and Ethereum liquidity. 30 million shares were offered at a price of $37 per share, exceeding the anticipated range. The company was backed by notable figures like Peter Thiel, while its leadership includes Brendan Blumer (Chairman) and Tom Farley (CEO). Bullish’s IPO signifies a significant step towards mainstream adoption of cryptocurrencies within traditional financial markets.