"Crypto has exploded into the mainstream, shedding its fringe status to become a cornerstone of modern finance. With Bitcoin ( ) trading at almost $116,000 and institutional adoption surging - driven by ETF inflows, corporate treasuries, and a pro-crypto administration - digital assets are no longer just for speculators. Crypto exchanges are the gateways to this booming ecosystem and are reaping massive rewards from the frenzy. In the past few months, three powerhouse platforms have gone public, each riding a wave of hype and regulatory tailwinds."
"Circle Internet Group (NYSE:CRCL), the stablecoin pioneer behind USDC ( CRYPTO:USDC ), debuted in June with shares rocketing 180% on day one, closing at $88 from a $31 IPO price, valuing it at over $10 billion. Bullish (NYSE:BLSH) - the institutional trading hub owned by Peter Thiel - followed in August, priced at $37 and surging by over 80% on debut, reaching a valuation of over $5 billion."
Crypto adoption has accelerated, with Bitcoin near $116,000 and institutional participation rising via ETF inflows, corporate treasuries, and supportive policy. Crypto exchanges serve as primary access points to the market and captured strong investor interest as three major platforms completed oversubscribed IPOs. Circle Internet Group, the creator of USDC, launched with a dramatic opening and high valuation. Bullish also posted a sizable debut, reflecting broad enthusiasm for exchange-related businesses. Heavy demand coexists with elevated volatility and competitive pressures, leaving investors to weigh growth prospects against regulatory and market risks.
Read at 24/7 Wall St.
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