Bullish

Bullish is a fintech company that focuses on cryptocurrency and provides institutional-grade market infrastructure. Bullish started in the Cayman Islands in 2020 and went live in 2021 with help from Block.one. It combines centralized and decentralized finance through its own automated market-maker and matching engine. The company is focused on giving professional crypto users deep liquidity, low transaction costs, and efficient use of capital. Bullish has licenses to do business in a number of places, including New York and Germany. They put a lot of emphasis on compliance, governance, and auditability.

Bullish bought CoinDesk from Digital Currency Group in late 2023. CoinDesk is now a fully owned subsidiary of Bullish, but it still has editorial freedom. This purchase gave Bullish access to more media, data, events, and indices in the crypto space. Thomas W. Farley, the company's president and former president of the New York Stock Exchange, owns about 4% of the company. Brendan Blumer, who co-founded the company, and a few other people own the rest of it. Blumer owns about 30 to 35 percent of it.

Bullish started trading on the New York Stock Exchange in August 2025 under the ticker BLSH. The IPO price was higher than the first range and raised more than $1.1 billion. The strong start showed that investors have a lot of faith in institutional crypto infrastructure. Bullish has since gotten a BitLicense in New York and a MiCA license in Germany, which lets it do more business in the U.S. and Europe.