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Berenberg: Bullish to Become Second Largest Institutional Crypto Exchange After Coinbase

Summary: According to Berenberg analyst Gautam Chhugani, Bullish is poised to become the second largest institutional crypto exchange after Coinbase, assuming its successful launch in the US by 2026. The analyst has set an initial target price of $60 for the company, rating it as 'market perform', citing Bullish's experienced management team and strong advantage in ...

According to Berenberg analyst Gautam Chhugani, Bullish is poised to become the second largest institutional crypto exchange after Coinbase, assuming its successful launch in the US by 2026. The analyst has set an initial target price of $60 for the company, rating it as 'market perform', citing Bullish's experienced management team and strong advantage in operating institutional exchange business. The analyst also believes that Bullish's ownership of crypto media platform Coindesk could serve as a springboard for its future retail exchange launches. (The Block)

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Link: Berenberg: Bullish to Become Second Largest Institutional Crypto Exchange After Coinbase [Copy]

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