Bullish

San Francisco, United States Founded: 2021 • Age: 5 yrs Listed
Bullish is operated as a regulated global cryptocurrency exchange.

About Bullish

Bullish is a publicly listed company based in San Francisco (United States) founded in 2021 by Aavay Sirohi. Bullish is operated as a regulated global cryptocurrency exchange. It operates on a Commission-Based model. Bullish has completed 2 acquisitions, including CoinDesk and Equiniti. Its chief executive, as recorded, is Tom Farley. Its website bullish.com draws about 101 thousand monthly visits. Bullish offers products and services including Spot Trading, Margin Trading, Derivatives Trading, and Custody Services. Its focus areas include Financials, Capital Markets and Cryptocurrency Exchanges. Its legal entity is Bullish Global. Similar companies include Kraken, Coinbase and CoinList; 3 of its 3 listed similar companies have raised funding.

Company details

Bullish is managed as a regulated cryptocurrency exchange offering trading services for digital assets like Bitcoin and Ethereum. Operations are conducted under tier-1 licenses from the Gibraltar Financial Services Commission. A deeply liquid global order book is maintained, providing tight spreads and low fees for institutional and advanced traders. Services such as spot trading, margin trading, and derivatives are offered within a unified trading account. Robust custody architecture is implemented to ensure the security of customer assets, which are held in a 1:1 ratio and segregated from company assets. Compliance with international standards is upheld through audits by Deloitte and rigorous KYCAML processes.

  • Headquarters San Francisco, United States
  • Founders Aavay Sirohi
  • Stage Public
  • Sectors
    Financial Services
  • Website bullish.com
  • Social LinkedIn X
  • Legal Name Bullish
Operational Areas
Key Metrics
  • Annual Revenue
    $286.09 M (USD)
    34.3
    as on Dec 31, 2025
  • Net Profit
    -$764.68 M (USD)
    -1073.78
    as on Dec 31, 2025
  • EBITDA
    $50.58 M (USD)
    51.69
    as on Dec 31, 2025
  • Investments & Acquisitions
    CoinDesk

    & 1 more

Products & Services of Bullish

Bullish offers a comprehensive portfolio of products and services, including Spot Trading, Margin Trading, Derivatives Trading, and Custody Services.

Spot Trading
Crypto Trading

Spot trading of digital assets is facilitated efficiently.

Margin Trading
Crypto Trading

Margin trading with capital-efficient borrowing is provided here.

Derivatives Trading
Crypto Trading

Derivatives trading for digital assets is offered securely.

Custody Services
Asset Management

Secure custody of digital assets is ensured consistently.

People of Bullish

12 people are tracked at Bullish (10 in leadership, 1 in board & advisors, 1 in team).

NameRoleGroup
Aavay Sirohi
Co-FounderLeadership
Tom Farley
CEOLeadership
David Bonanno
Chief Strategy OfficerLeadership
George Gaffney
Chief Operating OfficerLeadership
Mothusi Majinda
Chief Technology OfficerLeadership
Steve Ellis
Chief Financial OfficerLeadership
James Mendes
Chief People OfficerLeadership
Michael Lau
SVP, Global Head, SalesLeadership
Sara Stratoberdha
Head, Business DevelopmentLeadership
Mark Woods
Head, ProductLeadership
Brendan Blumer
ChairmanBoard & advisors
Nicholas Armstrong
General CounselTeam
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IPO & Listings of Bullish

Bullish is a publicly listed company on the NYSE with ticker symbol BLSH in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Aug 2025
  • Listed onNYSE: BLSH
  • Listed entityBullish
  • Exchange sectorTechnology services
  • ISINKYG169101204
  • Share price$31.77 (+0.44% on the day) · 2026-10-13
  • Market capitalisation$4.78B
  • EPS (diluted, trailing year)$-9.13
  • Volume (last session)775,197

Financials of Bullish

Exchange-reported annual figures
YearRevenueNet incomeEBITDA
2025$286.1M-$764.7M$50.6M
2024$213.0M$78.5M$33.3M
2023$148.2M$1.30B$21.2M
2022$191.3M-$4.25B$24.5M
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Detailed financial statements for Bullish

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Investments & Acquisitions by Bullish

Bullish has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include CoinDesk and Equiniti.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Financial technology and payment processing solutions are provided by Equiniti.
equiniti.comLancing, United Kingdom2002May 2026β€’β€’β€’β€’
Cryptocurrency news and analysis are delivered via an online platform.
coindesk.comNew York, United States2013Nov 2023β€’β€’β€’β€’
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Timeline of Bullish

4 dated milestones of Bullish across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded Bullish is founded.
  2. Acquisition Acquires CoinDesk.
  3. IPO Lists on the stock exchange (IPO).
  4. Acquisition Acquires Equiniti.

Similar companies to Bullish

Bullish has 3 listed similar companies in our database, 3 of them funded. They include Kraken, Coinbase and CoinList.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
kraken.com2011San Francisco, United States$866.01M4
Provider of an app-based trading and exchange platform for cryptocurrency
coinbase.com2012San Francisco, United States$546.62M3,416
Cryptocurrency trading, storage, and exchange services are offered online.
coinlist.co2017San Francisco, United States$119.2M27
App-based trading platform for cryptocurrency
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Detailed similar companies of Bullish

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Web traffic of Bullish

The website of Bullish (bullish.com) receives about 101.1K visits a month.

  • Monthly visits
    101.1K
Similar websites

Websites whose visitors overlap most with Bullish. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
blockhead.co
100%
46.9K#778,150View details
livebitcoinnews.com
100%
#529,099View details
theblock101.com
theblock101.com
60%
#3,710,163–
bitouchnews.com
60%
680.7KView details
traderevolution.com.br
traderevolution.com.br
60%
#2,272,621–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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Top companies in Cryptocurrencies

3 companies that operate in the same segment as Bullish (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Cross-border cryptocurrency payments for businesses are enabled through APIs.
2013Boston, Massachusetts, United StatesUSD 1.51 BUSD 2.75 B1,533
Cryptocurrency trading, storage, and exchange services are offered online.
2012San Francisco, California, United StatesUSD 546.62 MUSD 7.18 B7,025
Decentralized exchange platform for cryptocurrency trading is operated.
2018New York, New York, United StatesUSD 176 M217
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Related news about Bullish

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Frequently Asked Questions about Bullish

Bullish was founded in 2021.

Bullish is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.

Tom Farley is the CEO of Bullish, as recorded in our data.

Annual revenue of Bullish is $286.09M as on Dec 31, 2025.

Bullish is managed as a regulated cryptocurrency exchange offering trading services for digital assets like Bitcoin and Ethereum. Operations are conducted under tier-1 licenses from the Gibraltar Financial Services Commission. A deeply liquid global order book is maintained, providing tight spreads and low fees for institutional and advanced traders. Services such as spot trading, margin trading, and derivatives are offered within a unified trading account. Robust custody architecture is implemented to ensure the security of customer assets, which are held in a 1:1 ratio and segregated from company assets. Compliance with international standards is upheld through audits by Deloitte and rigorous KYCAML processes.

Bullish's top competitors include Coinbase, Kraken and CoinList.

Bullish offers Spot Trading, Margin Trading, Derivatives Trading, and Custody Services.

Yes, Bullish is publicly traded on NYSE under the ticker symbol BLSH.

Bullish has made 2 acquisitions, including CoinDesk, and Equiniti.

Bullish operates through Bullish Global.

The website of Bullish receives about 101 thousand visits a month.

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