Bitcoin (BTCUSD) tore through $124,000 last week, topping its July highs, while Ethereum (ETHUSD) also inched toward its record. The cryptocurrency market, once dismissed as a risky gamble, is now viewed as a legitimate hedge in a world drowning in debt and shaky fiat.

Much of the recent success of crypto has been driven largely by increasing adoption among institutional investors. Unlike its retail-focused peers, Bullish aims to provide mainly Bitcoin and Ethereum trading for institutional clients, limiting its exposure to riskier altcoins. This could help it stand out in a crowded market.

A Renaissance in IPO Mania The IPO market in 2025 has been a hotbed of opportunity, particularly for crypto-related companies capitalizing on a favorable regulatory environment and surging investor enthusiasm.