In brief
- Crypto exchange Bullish announced record adjusted revenue and net income in Q3.
- Shares of BLSH still fell more than 5% following the news, now trading below its August IPO price.
- The firm opened its options product and U.S. exchange during Q3, and is focused on tokenization services moving forward.
Shares in publicly traded crypto exchange Bullish have fallen by more than 5% after the firm reported its Q3 earnings on Wednesday morning.
The exchange reported record adjusted revenue and net income of $76.5 million and $18.5 million in Q3, respectively. That compares to $44.6 million in adjusted revenue and a net loss of $67.3 million during the quarter last year.
“After posting record subscriptions, services, and other revenue…
Nov 19 2025
