‘The Institutional Wave Has Begun’ – Bullish CEO Says Large Players Think Crypto’s Big Moment Could Be Here
The CEO of Bullish, Tom Farley, believes the crypto industry is entering a significant phase as institutional investors begin to dominate, shifting from the previous reliance on retail traders. In a CNBC interview, he noted that Bullish's recent IPO raised over $1.1 billion, and he anticipates traditional assets will soon be launched directly on blockchains.
The chief executive of the crypto exchange Bullish says the digital asset industry’s big moment is finally here as blue-chip investors start piling in.
In a new interview on CNBC Television, former NYSE president Tom Farley says that the crypto industry’s growth over the last decade was largely due to retail traders – a trend that appears to be changing in favor of institutional investors.
Bullish – which purchased the crypto media outlet CoinDesk in 2023 from the Digital Currency Group (DCG) – launched its IPO today and raised over $1.1 billion.
According to Farley, financial markets are on the cusp of traditional assets being launched directly on blockchains rather than companies creating tokenized proxies.
