Exchange Bullish reveals plans to go to the US stock market

The Exchange crypt Bullish, of the company that owns COINDESK, submitted a request before the Sec to publicly quote in the US.

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• Plans to list your actions in the New York Bag (NYSE) With the symbol “Blsh.”
  
• Reported net income for USD $ 80 million in 2024.
  
• In the first quarter of 2025, it had a loss of USD $ 349 million.
• The movement reinforces the interest of crypto companies to reach the US stock market.

Bullish, The exchango crypto based in the Cayman Islands, has officially initiated the process to become a company that quotes in the stock market in the United States. The company presented to the Bag and Securities Commission (SEC) The form F-1, An essential requirement to list actions in US markets.

According to the document, Bullish seeks to quote in the New York Bag (NYSE) Under the stock market symbol “Blsh.” The movement marks a significant strategic decision for the company, which operates mainly as an institutional trading platform with cash negotiation services (spot), derivatives and provision of liquidity.

Who Bullish?

Bullish It is an exchange owned by Global Bullish, The medium matrix company COINDESK, One of the most influential media in the cryptocurrency sector. Founded to serve institutional clients, the firm has sought to differentiate itself through a robust offer of digital assets and advanced financial services.

Although it is based in the Caribbean, its aspirations to quote in the United States reveal a clear ambition to legitimize within the traditional financial ecosystem. In the current environment, characterized by a regulation still uncertain but increasingly structured in the US, this movement acquires strategic relevance.

Mixed financial results

According to the presentation before the Sec, Bullish registered net income for USD $ 80 million during 2024. The company also claimed to have more than USD $ 1.9 billion in liquid assets, including cash, Bitcoin, Stablecoins and other digital assets.

However, the first quarter of 2025 was considerably more challenging. During the first three months of the year, Exchange reported a net loss of USD $ 349 million, in marked contrast with the USD $ 104.8 million in profits that it had obtained in the same period of the previous year.

These financial data paint a dual panorama: on the one hand, the heritage solidity and a recognized brand; on the other, the volatility inherent to the crypto sector and the operating challenges in adverse macroeconomic contexts.

When opting for the US as a place of contribution, Bullish It seems to align with an emerging narrative between crypto companies that seek to establish themselves in regulated markets and with access to institutional capital. This choice contrasts with the frequent discourse of regulatory and decentralization evasion that has characterized many startups in the sector.

Although the company must still obtain the final approval of the Sec, His intention to enter the NYSE It suggests confidence in the American legal environment. In fact, many actors in the crypto ecosystem consider that a public presence in the US could increase transparency, access to financing and legitimacy against traditional investors.

Future perspectives

The presentation of the form F-1 by Bullish It does not guarantee its immediate debut in the bag, but represents a key step in that direction. Yes Sec Approves its registration, the firm would join a short but growing list of crypto companies that contribute publicly, such as Coinbase, Circle and Digital Marathon.

In the middle of an environment still uncertain for cryptocurrencies, the movement of Bullish It could serve as an indicator of maturity for the sector. Its success or failure as a public company will be observed closely, both by regulators and by competitors and financial analysts.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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