Bullish, the cryptocurrency exchange and parent company of CoinDesk, made a striking debut on the New York Stock Exchange, reaching a market valuation of nearly $13.2 billion. Shares surged well above the IPO price, briefly touching highs near triple digits before settling at a strong premium. The listing raised over $1 billion in capital, marking one of the most notable public offerings for a crypto-related company in recent years.

The surge was fueled by growing institutional interest, supportive regulatory developments, and a favorable political climate for digital assets. The strong debut not only reflects renewed investor confidence in the crypto sector but also signals that high-profile blockchain and exchange businesses are regaining momentum in public markets after a challenging period.