Bullish Posts $280M Net Loss in Q2; Trading Volume at $32.6B

Bullish, the cryptocurrency exchange listed on the New York Stock Exchange under the ticker BLSH, published its financial results for the second quarter on Aug. 13, according to PANews. Digital asset trading volume reached $32.6 billion during the quarter, down from $58.6 billion in the same period a year earlier. The exchange recorded a net loss of $280 million, compared with $108.3 million in the prior-year quarter. Adjusted revenue came in at $92.6 million, while adjusted EBITDA totaled $29.5 million. Subscription, services and other revenue reached an all-time high of $62.7 million. The report shows trading volume declining to $32.6 billion from the year-ago figure of $58.6 billion. On an adjusted basis, the company reported $92.6 million in revenue and $29.5 million in EBITDA. The record $62.7 million from subscription, services and other revenue was also part of the quarterly disclosure.