#BullishIPO Is the new gem coming for the portfolio? ๐
Bullish, the exchange backed by former Block.one, has just taken a firm step: it presented its intention to go public to the SEC. Yes, amidst the ETF frenzy, halving, and bitcoin soaringโฆ another crypto IPO. ๐ฏ
๐ Some tidbits to not just scratch the surface:
๐ Bullish is licensed in Gibraltar
๐ผ It had previously tried to list in 2021 with a SPAC (spoiler: it didn't happen)
๐ They manage reserves in BTC and ETH
๐ธ And they come with Peter Thiel on the investor list
They are not improvising...
My personal reading:
More exchanges going public โ more regulatory pressure ๐ค
But also more institutional exposure.
And that, at this stage of the cycleโฆ adds up.
Is strong competition coming for Coinbase or will it remain short-term hype? ๐๐
Bullish, the exchange backed by former Block.one, has just taken a firm step: it presented its intention to go public to the SEC. Yes, amidst the ETF frenzy, halving, and bitcoin soaringโฆ another crypto IPO. ๐ฏ
๐ Some tidbits to not just scratch the surface:
๐ Bullish is licensed in Gibraltar
๐ผ It had previously tried to list in 2021 with a SPAC (spoiler: it didn't happen)
๐ They manage reserves in BTC and ETH
๐ธ And they come with Peter Thiel on the investor list
They are not improvising...
My personal reading:
More exchanges going public โ more regulatory pressure ๐ค
But also more institutional exposure.
And that, at this stage of the cycleโฆ adds up.
Is strong competition coming for Coinbase or will it remain short-term hype? ๐๐