Peter Thiel-Backed Bullish Files for US IPO Amid Crypto Market Revival

Bullish, the cryptocurrency exchange supported by billionaire investor Peter Thiel, has confidentially filed for a U.S. initial public offering. The move aims to leverage renewed investor interest in digital assets as regulatory winds shift favorably under the Trump administration.

The Financial Times reported the filing, noting Bullish''s use of confidential submission protocols to shield financial disclosures during preparatory phases. This marks the exchange''s second attempt at public listing after a failed 2021 SPAC merger during the crypto winter.

Jefferies has been appointed lead underwriter for the offering, which arrives as U.S. crypto markets show revitalized momentum. The administration''s pro-digital asset policies have created an environment ripe for institutional crypto ventures to access public markets.