Bullish
Cryptocurrency exchange
From Wikipedia, the free encyclopedia
Bullish is a cryptocurrency exchange and blockchain technology company headquartered in George Town, Cayman Islands.[1] 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.
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| |
| Company type | Public |
|---|---|
| Industry | Cryptocurrency |
| Founded | 2020 |
| Founders | Brendan Blumer |
| Headquarters | George Town, Cayman Islands |
Key people | Thomas W. Farley, Chair & CEO David W. Bonanno, CFO |
| Products | Cryptocurrency exchange |
| Revenue |  US$80.256 billion (Q1 2025) |
| −US$343 million (Q1 2025) | |
| Total assets | US$2.664 billion (2025) |
| Total equity | US$1.963 billion (2025) |
| Owner | Brendan Blumer (35.5%) Kokuei Yuan (31.4%) Andrew C. Bliss (4.3%) Thomas W. Farley (4%) |
Number of employees | 400 (2024) |
| Subsidiaries | CoinDesk |
| Website | bullish |
| Footnotes / references [1] | |
As of March 2025, Bullish reported processing US$1.25 trillion in transactions, including US$284.8 billion in Bitcoin and US$144.5 billion in Ethereum trades during 2024.[1] Bullish also owns the media outlet CoinDesk and holds approximately 24,000 Bitcoins.[1]
History
Bullish was founded in 2020 in Hong Kong by Brendan Blumer, who had previously launched Block.one.[2] It began its operations in May 2021.[2] The company was initially seeded by Block.one with 164,000 Bitcoins valued at around US$9.7 billion, US$100 million in cash, and 20 million EOS.IO tokens. It also raised US$300 million from investors including Peter Thiel, Alan Howard, Louis Bacon, Christian Angermayer, and Richard Li.[3]
Bullish was incorporated in the Cayman Islands on June 22, 2021.[1]
In 2021, Bullish announced plans to become a public company through a US$9 billion 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.[2]
In November 2023, the company acquired CoinDesk for approximately US$75 million.[4]
In August 2025, Bullish became publicly listed through an initial public offering (IPO), raising US$1.1 billion.[5]
