Peter Thiel-Backed Bullish Stealthily Charges Toward IPO as Crypto Giants Storm Wall Street
Crypto''s quiet powerhouse just made a power move—Bullish, the Peter Thiel-backed exchange, filed IPO paperwork while Wall Street wasn''t looking. Here''s why it matters.
Wall Street''s playing catch-up again. As traditional finance scrambles to understand crypto''s next act, Bullish is already writing the script—with Thiel''s Midas touch and a regulatory end-run that''d make a quant blush.
One cynical truth? The suits still think ''blockchain'' is a spreadsheet upgrade.
Trump’s CFTC Pick Pledges Crypto Regulatory Clarity for Blockchain’s Future.
The IPO landscape for crypto firms has recently gained momentum. Circle, the issuer of USDC, made a splash with a $1.1 billion public debut that saw its stock surge 167% on day one. Gemini has also reportedly filed for a U.S. listing, while eToro recently completed its own Nasdaq debut.
Bullish is headed by former NYSE president Tom Farley and counts Thiel—an early Bitcoin supporter and Trump campaign donor—as a key backer.
Meanwhile, data suggests that the crypto space continues to outperform traditional finance in terms of returns. A CoinMarketCap analysis found that the majority of recent crypto token listings yielded higher ROI than stocks on major U.S. exchanges, reinforcing the sector’s growing edge over legacy markets.
