Bullish has announced its financial results for the third quarter of 2025, reporting adjusted revenue of $76.5 million and an adjusted EBITDA of $28.6 million. The company has also launched a new crypto options product, which has already surpassed $1 billion in trading volume. Following approval from the New York State Department of Financial Services, Bullish has launched spot trading in the U.S. and expanded its partnerships in index and liquidity services. The company reported digital asset sales of $41.6 billion for the quarter, with a net profit of $18.5 million and an adjusted net profit of $13.8 million.