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Home›Crypto›Market Structure›Bullish posts $280 million Q2 net loss as digital asse…

Bullish posts $280 million Q2 net loss as digital asset sales drop

Bullish said adjusted revenue rose 62% in Q2 even as digital asset sales fell 44%, helping drive an overall loss of $280 million.

Reported · Written up by our desk · Market Structure

Peter Thiel-backed crypto exchange Bullish reported a $280 million net loss for the second quarter, The Block reported.

The exchange attributed weakening results in part to a 44% drop in digital asset sales during the quarter.

Despite the sales decline, Bullish said adjusted revenue increased 62% in Q2, according to The Block.

Bullish’s Q2 figures highlight the gap between revenue growth and profitability as trading and related activity cooled.

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Sources

The BlockPeter Thiel-backed Bullish posts $280 million Q2 net loss as digital asset sales fall 44%

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