#BullishIPO Is the new gem coming for the portfolio? 💅

Bullish, the exchange backed by former Block.one, has just taken a firm step: it presented its intention to go public to the SEC. Yes, amidst the ETF frenzy, halving, and bitcoin soaring… another crypto IPO. 🎯

📌 Some tidbits to not just scratch the surface:

📊 Bullish is licensed in Gibraltar

💼 It had previously tried to list in 2021 with a SPAC (spoiler: it didn't happen)

🔁 They manage reserves in BTC and ETH

💸 And they come with Peter Thiel on the investor list

They are not improvising...

My personal reading:

More exchanges going public → more regulatory pressure 🤓

But also more institutional exposure.

And that, at this stage of the cycle… adds up.

Is strong competition coming for Coinbase or will it remain short-term hype? 🐂📈