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Crypto exchange Bullish made a splash on its NYSE debut, with shares more than tripling at peak. The strong performance signals sustained investor interest in digital asset firms entering traditional markets. Bullish, backed by Peter Thiel, targets institutional investors with its trading platform.
- Bullish's NYSE debut saw BLSH shares peak at $118 (up 219%) from a $37 IPO price, settling at $84 (up 126%).
- The exchange, valued at $12.2B, targets institutional investors for crypto trading, unlike retail-focused platforms.
- Regulatory shifts under Trump's administration, including SEC's ETF approvals and dropped lawsuits, buoy crypto markets.
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