Bullish Crypto Exchange Surpasses Q2 Expectations with Stellar Performance
Bullish, the recently New York-listed cryptocurrency exchange, delivered a standout second quarter, eclipsing Wall Street forecasts. Revenue hit $57 million, outpacing the anticipated $55.75 million, while earnings per share soared to $0.93—a stark contrast to the projected $0.06 loss.
Trading volumes surged 35% year-over-year to $179.6 billion, underscoring robust market activity. The exchange’s net income swung to a $108.3 million profit, reversing a $116.4 million loss from the same period last year. Investors responded swiftly, driving Bullish’s stock (BLSH) upward at the close.
With its BitLicense secured, Bullish eyes a strong Q3 despite anticipating modest headwinds. The exchange joins Circle, Gemini, and eToro as one of the year’s most high-profile crypto IPOs.
