Bullish Crypto Platform Achieves Profitability
Update: 2025-11-19
Description
Bullish, the crypto platform owner, reported a significant turnaround, moving into profit during Q3. This was due to new crypto options and spot trading services in the US, launched after regulatory approval. The company saw a net income of $18.5M, surpassing analyst expectations, with adjusted revenue at $76.5M. Key factors in their success include strong CoinDesk Indexes performance and doubled partnerships for liquidity services. Bullishs options product has already reached $1B in trading volume, with spot trading volume up 77% QoQ. The company anticipates subscription, services, and other revenue between $47M and $53M for Q4, sending shares up by over 2% in pre-market trading.
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