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Bullish, expanding options and US spot trading... turning to profit in the third quarter

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Source: DigitalToday Original Title: Bullish, Expanding Options and US Spot Trading… Turning to Profit in Q3 Original Link:

The cryptocurrency trading platform Bullish(BLSH) recorded a profit of $18.5 million in the third quarter, rebounding from a loss of $67.3 million in the same period last year.

After obtaining the BitLicense from the New York financial authorities in September, it has entered the U.S. spot trading market and launched 5 out of 6 U.S. cryptocurrency exchange-traded products based on the CoinDesk Index ( ETP ). It introduced options trading with 14 partners and doubled its liquidity service partnerships.

David Bonanno, Chief Financial Officer(, stated that “the trading volume of new options products has surpassed $1 billion, and the spot trading volume in the fourth quarter has increased by 77% compared to the previous quarter,” adding that “we will secure continuous growth and profitability with a diversified business model.”

According to the company, sales of digital assets in the third quarter decreased compared to the previous year, but revenue from the subscription, service, and other)SS&O( segments reached an all-time high. Adjusted EBITDA increased significantly to $28.6 million, up from $7.7 million in the same period last year.

The sales of SS&O in the fourth quarter are expected to reach between 47 million and 53 million dollars.

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