Cryptocurrency exchange Bullish, backed by Peter Thiel, has confidentially filed for a US initial public offering (IPO) amid increasing investor interest in digital assets under the Trump administration. This follows a previous failed attempt to go public in 2021 due to market conditions. The IPO, led by Jefferies, is part of a broader trend of crypto-related listings, encouraged by Trump’s favorable stance toward the industry, highlighted by the recent successful IPO of Circle Internet and the Winklevoss twins’ Gemini filing.