Crypto Boom or Bubble? Bullish Files for US IPO Amid Mania

Ah, the modern tale of ambition and hubris! Cryptocurrency exchange Bullish, in a move as daring as a cat walking along a ledge, has filed for an initial public offering (IPO) in the United States. They seek to cash in on the irresistible siren song of digital assets during the Trump administration, because nothing says stability like a rollercoaster with no safety bars, as reported by the Financial Times.

The company has submitted some confidential paperwork to the Securities and Exchange Commission—fancy words for saying, “We’re playing hide and seek with our financials.” This allows them to gallop forward on their listing plans while keeping the numbers as secretive as the love life of a Hollywood starlet. Bullish previously tried the IPO route via a special purpose acquisition vehicle in 2021, but that train derailed faster than you can say “market crash.” Jefferies, ever the brave knight, will lead this quest for glory.

This daring move comes as America’s crypto market seems to be awake from its slumber, with bitcoin flamboyantly exceeding $100,000 and other firms like Circle Internet basking in IPO glory. The move is almost as predictable as sunrise—cryptos going up, up, and away! Bullish parades itself as a blockchain exchange with “superior market depth” and “tight spreads,” led by none other than Tom Farley, the former NYSE president, who clearly believes if you sell enough hype, the dollars will come. 🚀

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2025-06-11 12:28