Peter Thiel-backed Bullish Exchange jump 170% for SPAC market debut
Bullish, di crypto exchange wey Peter Thiel back, wey Block.one launch, jump 170% for im SPAC market debut under BHIL ticker. Shares start for $25.14, from $10 wey dem list, dey value di crypto exchange for around $9.5 billion. Only about 25% of shares na for public investors, so insiders get big portion. Dis listing follow di waka wey Coinbase do for 2021 direct listing, show say investors dey interested again for digital asset platforms. Even though di debut good, Bullish never start full trading operations yet and e dey face regulatory wahala for US. Investors go watch well how dem dey onboard users, make money and how Bullish go handle wrinkles wey dey crypto exchanges.
Bullish
Bullish come up 170% for hin SPAC debut dey show say investors dey seriously want buy new crypto exchange stocks, e dey follow how Coinbase listing get better reception. Dis rally fit boost short-term trade movement for crypto stocks as investors dey try find growth chance. For long run, Bullish performance go depend on how dem fit launch de platform well, get plenty users, and how regulatory things go turn out. History show say if company fit deliver operational milestones and comply well, positive listing rallies fit keep market interest steady.