Bullish (BLSH) Jumps 11.7% Ahead of Crypto Options Launch

We recently published 10 Stocks With Double-Digit Upsides. Bullish (NYSE:BLSH) is one of the top performers on Thursday.

Bullish saw its share prices increase by 11.68 percent on Thursday to finish at $67.91 apiece as investors repositioned portfolios ahead of the upcoming launch of its cryptocurrency options trading.

In a statement, Bullish (NYSE:BLSH) said it would launch on October 8 a new crypto options trading platform for institutional customers, which will offer a comprehensive product suite encompassing spot, margin, perpetual futures, dated futures, and now, options.

At the launch date, Bullish (NYSE:BLSH) said 14 companies, including Galaxy Digital, would already start trading on the platform.

However, the company initially kicked off with Bitcoin options trading in a limited mobilization phase, with options for Ether, other assets, and multi-asset indices such as the CoinDesk 20 and CoinDesk 5 are already in the pipeline.

Since its launch in 2021, Bullish (NYSE:BLSH) said it has already surpassed $1.5 trillion in cumulative trading volume.

This year alone, the platform executes over $2 billion in average daily volume and ranks in the top ten exchanges by spot volume for Bitcoin and Ether.

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Disclosure: None. This article is originally published at Insider Monkey.