Strong Q2 Profit $108M, Trading Volume Reach $179.6B
Bullish Q2 profit pass wetin dem expect, deliver net profit of $108.3 million—na e first profitable quarter since dem IPO. Di crypto exchange beat EPS forecast with $0.93 per share and generate $57.0 million revenue. Trading volume jump 35% year-on-year to $179.6 billion, while crypto sales increase 18% to $58.6 billion. Bullish Q2 profit base on di growing trading activity and margin expansion. Regulatory approvals, like New York BitLicense and Money Transmitter License plus EU MiCA and Hong Kong licenses, boost Bullish market position. Shares climb 5.8% intraday and add 2.1% after-hours. Management forecast Q3 platform volume of $133–$142 billion, adjusted EBIT of $25–$28 million, and net profit of $12–$17 million. Di exchange plan launch option trading platform for Q4 after successful trial.
Bullish
Bullish Q2 profit don pass wetin people bin expect and strong trading volume growth fit make traders feel good, e go boost demand for crypto assets for short and long term. New regulatory licenses and upcoming options trading launch go make Bullish exchange get better advantage for market, e go make trading activity higher. For history, quarter wey dem make profit and licensing milestones for exchange dey cause short-term share rally and steady market confidence, wey dey support bullish outlook.