Crypto Exchange Bullish Global Considers 2025 IPO as Market Value Surges

The Peter Thiel-backed company is reportedly exploring public listing plans following a sharp rise in cryptocurrency valuations.

Bullish Global, a crypto exchange backed by Peter Thiel, is reportedly working with Jefferies Financial Group to explore an IPO in 2025.
The company manages $10 billion in digital assets and cash and operates in regions including the U.S., Hong Kong, and Europe.
Bullish had previously planned to go public via a SPAC in 2021 but shelved the plan in 2022.
The potential IPO discussions come as the cryptocurrency market's valuation has grown to over $3 trillion following Donald Trump’s election win.
U.S. policymakers are advancing pro-crypto initiatives, including the formation of a joint task force and the repeal of restrictive accounting norms.