Bullish Swings to $18.5M Q3 Profit as Options Volume Tops $1 Billion

Bullish reported net income of $18.5 million for the third quarter on Nov. 19, swinging to profitability from a loss in the prior year as the exchange expanded its product lines to include US spot trading and crypto options. The company generated $76.5 million in adjusted revenue for the period ending Sept. 30. This compares to $44.6 million reported in Q3 2024, according to the earnings announcement. Adjusted EBITDA rose to $28.6 million from $7.7 million in the prior-year period. Spot Trading and Opti ...