Bullish Set to Debut on NYSE, Raising Potential $629 Million

Cryptocurrency exchange Bullish, backed by Peter Thiel, is slated for an NYSE listing on August 13, 2025, planning to raise up to $629.3 million.

This listing spotlights growing institutional interest in digital assets, with commitments from BlackRock and ARK Investment, impacting market sentiments and future crypto investments.

Crypto Community Eyes Bullish’s Public Entry and Market Maturity

There is significant institutional interest in Bullish’s NYSE debut, with BlackRock and ARK Investment Management potentially purchasing up to $200 million worth of shares. The public offering signals a pivotal moment for Bullish’s growth and market presence.

The wider cryptocurrency community has shown optimistic responses regarding listing prospects, viewing it as a positive step in elevating mainstream acceptance of cryptocurrency exchanges. However, no major official statements from industry leaders have been noted currently.

“Bullish was founded in 2020 with the vision to build an institutional-grade global exchange enabling optimized execution powered by a customizable, compliance-first infrastructure.” — Thomas W. Farley, CEO, Bullish

Market Data and Insights

Did you know? In 2023, Bullish acquired CoinDesk, an influential media company, marking its expansion beyond traditional exchange operations, a move comparable to how Coinbase has diversified its crypto services portfolio.

As per CoinMarketCap, Bitcoin (BTC) currently trades at $114,622.99, with a market capitalization of $2.28 trillion. Its market dominance stands at 60.94%. The last 90 days have seen an 11.81% price increase, while the 24-hour trading volume is $55.52 billion — reflecting a 7.29% decrease.

The Coincu research team suggests the Bullish IPO could enhance institutional acceptance, prompting increased regulatory scrutiny but potentially leading to new technological innovations. Long-term cryptocurrency investors may view the listing as a sign of increasing market maturity, further contributing to an expansion in digital asset adoption.