Cryptocurrency exchange Bullish has filed for a US initial public offering as the Peter Thiel-backed group seeks to tap surging investor demand for digital assets under the Trump administration. The company confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering in recent weeks, according to two people familiar with the situation. Confidential filings allow companies to progress their listing plans before publicly revealing their financials closer to pursuing a flotation. Bullish did not respond to requests for comment. Bullish had attempted to go public through a deal with a special purpose acquisition vehicle in 2021. But the deal fell through the following year as stock markets fell due to rising US interest rates. Jefferies will work as lead underwriter on the deal. The bank declined to comment on Bullish’s confidential filing. The company’s planned IPO comes amid strong investor demand for crypto assets in the US, with President Donald Trump’s administration having promised a number of industry-friendly policies and reversed the crackdown on digital assets under Joe Biden.

Full report : Peter Thiel-backed crypto exchange Bullish confidentially files for a US IPO, as demand for digital assets surges under the Trump administration.