Bullish, the crypto exchange backed by billionaire Peter Thiel, has submitted confidential paperwork for an IPO with the US SEC, as reported by the Financial Times. This move comes as optimism in the crypto market resurges under the Trump administration, with Bullish joining a growing number of companies preparing to go public. Jefferies has been appointed as the lead underwriter for the offering. Previously, Bullish attempted to go public via a SPAC in 2021, but that effort collapsed due to unfavorable market conditions. Recent successful IPOs, including Circle and Gemini, have inspired Bullish to make its move. Bullish is headed by CEO Tom Farley, a former NYSE Group president, and is looking to capitalize on the positive market sentiment.

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