Exchange supported by Peter Thiel aims to make the public in the midst of the growing institutional interest and a more friendly American crypto position
Bullish, the exchange crypto supported by billionaire investor Peter Thiel, has confidentially submitted a first public offer (IPO) to the Securities and Exchange Commission (SEC) of the United States.
While investors’ confidence returns to the space of digital assets, the calendar could not be more calculated, in particular with President Donald Trump reporting strong support for industry.
Bullish takes another time in public
This is not the first attempt to hit the public contracts. The exchange attempted to make public in 2021 thanks to a spac merger, but this agreement collapsed due to the increase in interest rates and a more difficult market environment.
Now, under the direction of CEO Tom Farley, the former president of the Nyse group, Bullish takes a new step. The Jefferies Investment Bank manages the subscription, but the company keeps more details under the Wraps for the moment.
Market conditions, however, seem much more favorable than they did a few years ago.
Institutional crypto exchange first
Launched in 2021 with a capital injection of $ 300 million from Thiel’s Founders Fund and other main investors, Bulnish was designed for institutional traders rather than retail users. This objective gives it an advantage in the cryptographic landscape in maturity today.
The exchange is regulated in Gibraltar and designed to provide a high performance negotiation infrastructure with deep liquidity – qualities that institutions are increasingly looking for when they return to digital assets.
Crypto iPos steals the spotlights
Recent successes give way to Bullish’s ambitions. CIRCLE, a Stablecoin USDC transmitter, collected $ 1.1 billion during its beginnings last week, up 167% on the first day. Gemini, founded by Twins Winklevoss, filed an registration in the United States on June 6, while Andoro struck Nasdaq under the Ticker Etor on May 14.
A CoinmarketCap report of April 3 highlights Crypto’s Edge: the tokens on major exchanges provided an average return on investment of 80%(king) over 180 days, exceeding the lists of NASDAQ (51%) and NYSE (54%).
Thiel’s vision meets Trump’s crypto
Peter Thiel has always considered the bullish as a fundamental part of the evolving cryptography revolution. In 2021, it was estimated at $ 9 billion, and its institutional quality platform gave it a strong chance of standing out.
Now, with Trump supporting a clearer regulation of digital assets and even referring to a national Bitcoin reserve, Momentum is built. Institutions are starting to move their strategy and user -friendly cryptographic American policies make the market more attractive.
For the bullish, this means that the stars can finally line up for a successful IPO.
