“Shares of the company fell 5% in pre-market trading.”, — write: www.coindesk.com
The company lost $3.73 a share, down from earnings of $1.37 per share, as it cited non-cash digital-asset remeasurement losses.
Bullish started spot crypto trading in the US in September, marking its entry into a tightly regulated and competitive market. The platform saw $64.3 billion in spot trading volume during the quarter.
It also debuted an options trading business as part of a broader push to diversify its offerings. The new business line generated $9 billion in options trading volume for the quarter.
Bullish shares fell 5% in pre-market trading following the earnings announcement.
Bullish went public on the New York Stock Exchange in August through a direct listing. The company had previously operated as a private exchange focused on institutional clients.