Bullish Posts $280M Q2 Net Loss Amid Slowdown in Crypto Trading

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Crypto exchange Bullish reported a net loss of $280 million for the second quarter as trading activity in digital assets slowed. The company generated $92.6 million in adjusted revenue during the period. Subscription, services, and other revenue hit a record $62.7 million, signaling growth in non-trading income streams. Following the quarterly results, Bullish also updated its full-year financial guidance.

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