Bullish Bets Rise On Crypto Exchange ’Bullish’
Crypto-exchange Bullish swung to a $93 million profit in Q2, reversing a $116.4 million loss from the prior-year period. Shares surged 6% during NY trading and 4.2% post-market, now trading 44% above IPO levels at $53.54.
The NYDFS BitLicense approval clears Bullish's US market entry next quarter. CEO Tom Farley noted 'strong business momentum' following liquidity growth and Consensus conference success, with institutional adoption accelerating.