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Bullish

Cryptocurrency exchange

Field	Value
name	Bullish
logo	Bullish logo (2025).svg
type	Public
traded_as
founded
founders	Brendan Blumer
hq_location	George Town, Cayman Islands
key_people	Thomas W. Farley, Chair & CEO
David W. Bonanno, CFO
industry	Cryptocurrency
products	Cryptocurrency exchange
revenue	(Q1 2025)
net_income	−US$343 million (Q1 2025)
assets	US$2.664 billion (2025)
equity	US$1.963 billion (2025)
owner	Brendan Blumer (35.5%)
Kokuei Yuan (31.4%)
Andrew C. Bliss (4.3%)
Thomas W. Farley (4%)
num_employees	400 (2024)
subsid	CoinDesk
website
footnotes

Note

the cryptocurrency exchange

David W. Bonanno, CFO Kokuei Yuan (31.4%) Andrew C. Bliss (4.3%) Thomas W. Farley (4%)

Bullish is a cryptocurrency exchange and blockchain technology company headquartered in George Town, Cayman Islands. The company provides infrastructure and services for the trading of digital assets through the Bullish Exchange platform, which is licensed in Germany, Hong Kong, Gibraltar, and New York State.

As of March 2025, Bullish reported processing in transactions, including in Bitcoin and in Ethereum trades during 2024. Bullish also owns the media outlet CoinDesk and holds approximately 24,000 Bitcoins.

History

Bullish was founded in 2020 in Hong Kong by Brendan Blumer, who had previously launched Block.one.

Bullish was incorporated in the Cayman Islands on June 22, 2021.

In 2021, Bullish announced plans to become a public company through a merger with a special-purpose acquisition company (SPAC); however, the deal was canceled in December 2022 after the SPAC was unable to secure the necessary approvals.

In November 2023, the company acquired CoinDesk for approximately .

In August 2025, Bullish became publicly listed through an initial public offering (IPO), raising .

References

(July 18, 2025). "Bullish Form F-1". [[U.S. Securities and Exchange Commission]].
Henning, Eyk. (May 12, 2021). "Peter Thiel, Alan Howard, Richard Li invest in new crypto exchange Bullish". [[Fortune (magazine).
Ossinger, Joanna. (December 22, 2022). "Thiel-Backed Bullish Scraps Crypto SPAC Deal Set at $9 Billion". [[Bloomberg News]].
Schwartz, Leo. (February 13, 2024). "Bullish paid close to $75 million to acquire CoinDesk. Here’s what we know about the company and its plans for crypto media".
(August 13, 2025). "Bullish’s Stock Soars in Latest Test for IPO Market". [[The Wall Street Journal]].

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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