Bullish is a regulated, decentralized cryptocurrency exchange with a tier-1 license currently backed by Peter Thiel, an American entrepreneur and co-founder of PayPal, Founders Fund, and Palantir Technologies. The blockchain-based crypto exchange officially started functioning in 2021, and the exchange offered Bitcoin, Ether, USD coins, and EOS tokens in its initial days.
The rise of Bullish exchange is monumental, and it has reached a high position. According to the latest media reports, they have recently filed for a US initial public offering (IPO). Bullis and Peter Thiel are on the verge of capitalizing on Trump’s pro-crypto administration and believe that the renewed investor interest under Trump’s administration would be beneficial for them.
History of Bullish
Bullish is an authentic and audited cryptocurrency exchange launched in November 2021, backed by prominent investors like Peter Thiel, Richard Li, and Alan Howard. A blockchain software company called Block. one, backed by Peter Thiel, Richard Li, and Alan Howard, launched the crypto exchange with a vision of combining the attributes of traditional bourses with the advantages and technical upper hand of decentralized finance.
In 2022, Bullish cancelled a $9 billion deal to go public through Far Peak Acquisition Corp (FPAC), a special purpose acquisition company. The reports state that the deal collapsed after failing to meet a registration statement requirement with the Securities and Exchange Commission(SEC). After the collapse of the deal with Bullish, FPAC didn’t find any new mergers and focused on widening its operations, and during that time, Bullish was reportedly worth approximately $9 billion.
In the same year, Bullish was honored at the Webby Awards, and they received the award for excellence in visual design and social engagement. Bullish commitment towards creating an appealing and attractive user experience was mentioned in the awards as well.
In November 2023, Bullish officially announced the acquisition of a crypto-focused media company named CoinDesk, and the deal was an all-cash one. Since the purchase of CoinDesk, it has operated as an independent subsidiary of Bullish.
Present of Bullish
The Bullish group that controls the crypto exchange appointed Chris Tyrer as their new president in few months back and has already taken over the strategic leadership to foster the growth of Bullish exchange. With the leadership of Tyrer, Bullish has already stepped into Europe and Hong Kong by securing approval and a license from BaFin, the German Federal Financial Supervisory Authority.
Bullish has recently filed an initial public offering in the United States. According to the Financial Times report, the exchange has filed the confidential paperwork with the Securities and Exchange Commission recently. They are aiming at the surging investor demand for digital assets in Trump’s ruling and his pro-crypto approach that nourishes all the projects associated with blockchain technology.
Bullish, the decentralized cryptocurrency exchange backed by Peter Thiel, has been tirelessly working to start an initial public offering in the United States, and the management has reportedly hired Jefferies Financial Group to work on the initial public offering, and they will work as lead underwriter on the deal.
Also Read: How To Spot A Crypto ICO Scam: Expert Tips For Crypto Investors
Bullish Exchange’s Ambitions Under the Donald Trump Presidency
The company is planning new programs like an initial public offering and other schemes. These latest initiative by Bullish exchange under Donald Trump’s presidency has only the aim of effectively capitalizing on the favourable conditions facilitated and maintained by the Trump administration. At the moment, digital assets have strong investor demand in the U.S. The Crypto industry can expect a number of advanced projects and initiatives from Bullish Exchange in the future, since the Trump administration has promised the establishment of a good number of crypto-friendly policies. Trump’s new policies and approaches have helped multiple crypto projects to unleash their true potential.
Circle Internet previously raised $1.1 billion and reportedly surged over 165% on its introduction to Wall Street. Circle Internet’s performance on its first day marked the biggest ever first-day stock price increase for a U.S. listing. A similar performance can be expected from Bullish exchange as well, because all the factors out there will support its IPO, and the industry might witness the same performance as Circle Internet.