Crypto exchange Bullish beat expectations yesterday as its stock closed at $68 on its first day of trading; well above its $37 IPO price.
This reflects continued optimism in a crypto market that saw Ethereum ($ETH) hit $4,700 and Bitcoin reach a new ATH of $123,600 yesterday.
The IPO attracted significant interest from both institutional and individual investors, signaling broader adoption and enthusiasm for crypto-related platforms.
Bullish Ends First Day of Trading at $68
Bullish — the company behind CoinDesk — stunned markets yesterday, with its stock soaring 83.7% above its IPO price on the first day of trading.
The company initially expected the share price to be between $32 and $33 as per its SEC filing on Monday. Bullish later revealed a higher price at $37 per share, which put its expected value at $1.1B.
When the trading day began, the company’s stock price immediately shot through the roof, opening at $90 and eventually hitting $110.
The price finally settled at $68 at the end of the day, putting the company’s value at $2B. 
How This Bullish Sentiment Extends to Best Wallet
The excitement surrounding Bullish’s IPO reflects the overall positive sentiment towards crypto at the moment. There’s growing interest from institutional investors, individual investors, and even traditional banks.
While crypto payments are already possible in many businesses, they’re still mostly considered a niche product.
But we expect it won’t be long before we see wider adoption, with ordinary people using crypto to do things like pay for their coffee.
When this happens, people will naturally need to store their crypto somewhere safe. This is where Best Wallet comes in.
It’s a non-custodial crypto wallet, meaning only you can access your private keys. This is crucial because you use these keys to sign your transactions and prove that you own the crypto in your wallet.
By being the sole owner of your private keys, you can rest assured knowing your digital assets are safe from hacking.
But safety isn’t enough. You’ll also want a wallet that’s easy to use.
The good news is that Best Wallet is one of the most user-friendly wallets out there. You can install it on your iOS or Android device and set it up in minutes. Its intuitive interface makes navigating the app effortless.
You’ll also get governance rights as a $BEST holder. This lets you vote on key decisions regarding the Best Wallet Ecosystem and shape its future.
$BEST tokens are currently available for only $0.025475 via the Best Wallet Token presale page and the Best Wallet app.
To get started, simply connect your crypto wallet to the presale widget, enter how many tokens you want to buy, and pay with your credit/debit card or crypto.
As with most presales, you’ll receive your tokens when the presale ends. You can also stake your tokens as soon as you buy them to earn passive rewards. The reward rate is currently at 91% p.a., but this can still change as more people lock in their tokens.
Join the Best Wallet Token presale.
Better Days Ahead for the Market?
If the response to Bullish’s IPO reflects the crypto market at large, it’s safe to say that things are only looking up. With Ethereum’s relentless growth and Bitcoin reaching new all-time highs, the potential for further expansion appears boundless.
This puts Best Wallet and its Best Wallet Token ($BEST) in the ideal position to meet the expected demand for secure crypto wallets in the future.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
Source: https://bravenewcoin.com/partner/bullish-ipo-hits-68