#BullishIPO #BullishIPO
Bullish Goes Public in $12B SPAC Deal—Biggest Crypto IPO Since Coinbase
On June 25, 2024, Bullish, the Coinbase-backed crypto exchange, hit the public markets through a massive $12 billion SPAC merger, marking the largest crypto IPO since Coinbase’s 2021 debut.
Why It Matters
Institutional Backing: Supported by Peter Thiel, Mike Novogratz, and BlackRock.
Hybrid Exchange Model: Blends CEX liquidity with DeFi yield, with 30% of revenue from staking.
Regulatory Milestone: Fully licensed across New York, the EU, and Singapore.
Bullish Goes Public in $12B SPAC Deal—Biggest Crypto IPO Since Coinbase
On June 25, 2024, Bullish, the Coinbase-backed crypto exchange, hit the public markets through a massive $12 billion SPAC merger, marking the largest crypto IPO since Coinbase’s 2021 debut.
Why It Matters
Institutional Backing: Supported by Peter Thiel, Mike Novogratz, and BlackRock.
Hybrid Exchange Model: Blends CEX liquidity with DeFi yield, with 30% of revenue from staking.
Regulatory Milestone: Fully licensed across New York, the EU, and Singapore.