#加密交易平台IPO动向# Looking back at the bull run in 2017, encryption exchanges emerged like mushrooms after rain. Now, this new player Bullish is aiming to raise $629 million in its IPO, which makes me reflect a lot. From past experiences, the listing of an exchange is often a signal of industry prosperity, but it may also indicate the approaching peak of the cycle.



Bullish, backed by its parent company EOS, Block.one, is quite strong. Their choice to IPO at this moment might indicate that institutional funds are once again focusing on the encryption market. However, we must also be wary of excessive optimism. Looking back at the bear market of 2018, many exchanges faced severe tests.

Comparing with history, the current market environment has similarities with those years, but the regulatory situation is more severe. Whether Bullish can stand out in this wave remains to be seen. In any case, this IPO will become an important milestone in the development of the industry, and we should closely monitor its subsequent progress and impact on the entire ecosystem.
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