Peter Thiel-Backed Crypto Exchange Bullish Global Eyes 2025 IPO Amid Bitcoin Boom

In the wake of a significant upswing in the cryptocurrency market, crypto exchange Bullish Global is reportedly contemplating an initial public offering (IPO) in 2025. The company, backed by billionaire investor Peter Thiel, is said to be collaborating with Jefferies Financial Group on the potential listing. Bullish Global, led by CEO Tom Farley, has over 275 employees globally and operates in Hong Kong, the U.S., and Europe. The parent company, Block.one, is steered by Brendan Blumer and has the backing of Peter Thiel, Alan Howard, and Richard Li. Founded in 2021, Bullish manages approximately $10 billion in digital assets and cash.



Bullish Global's IPO discussions coincide with a significant rise in the prices of Bitcoin BTC/USD and other cryptocurrencies since the U.S. election in November, with the total crypto market value escalating to over $3 trillion from nearly $2 trillion. Crypto enthusiasts are optimistic of better regulations under the Trump administration. One of the significant moves on this front is the SEC's withdrawal of the SAB 121 accounting norm, which mandated banks and financial institutions to disclose cryptocurrencies as a liability on their balance sheet. The U.S. House of Representatives and Senate are also establishing a joint task force to push forward cryptocurrency legislation. Venture Capitalist, David Sacks, appointed as the 'crypto czar' by President Donald Trump, unveiled a pro-crypto agenda on Tuesday, stating his goal of securing American leadership in digital assets.



Bullish Global did not immediately respond to Benzinga’s request for comment. SEE ALSO: If You Invested $1,000 In Bitcoin When Robert F. Kennedy Jr. Said He Bought 2 BTC Each For His Kids, Here’s How Much You’d Have Now Why It Matters: The IPO discussions coincide with a significant rise in the prices of Bitcoin BTC/USD and other cryptocencies since the U.S. election in November, with the total crypto market value escalating to over $3 trillion from nearly $2 trillion. Crypto enthusiasts are optimistic of better regulations under the Trump administration. One of the significant moves on this front is the SEC’s withdrawal of the SAB 121 accounting norm, which mandated banks and financial institutions to disclose cryptocurrencies as a liability on their balance sheet. The U.S. House of Representatives and Senate are also establishing a joint task force to push forward cryptocurrency legislation. Venture Capitalist, David Sacks, appointed as the ‘crypto czar’ by President Donald Trump, unveiled a pro-crypto agenda on Tuesday, stating his goal of securing American leadership in digital assets.