The cryptocurrency exchange Bullish experienced a notable debut on the New York Stock Exchange (NYSE) on Wednesday, opening at $90 per share—a 143% increase from its initial public offering (IPO) price of $37.
“The institutional wave has begun,” Farley further stated during the interview, emphasizing the significant reception the exchange has received during its initial public offering process.
Bullish’s debut comes amid a favorable regulatory environment under President Donald Trump’s administration, which has encouraged other companies to pursue public listings.
Despite the excitement surrounding its public offering, Bullish reported a significant loss of $349 million for the quarter ending March 31, a stark contrast to the $105 million profit recorded in the same quarter the previous year.
Featured image from DALL-E, chart from TradingView.com
