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Circle, Bullish, eToro: The Crypto IPOs that Marked 2025

Circle, Bullish, eToro: The Crypto IPOs that Marked 2025

Author:

Global Cryptocurrency

Published:

2025-12-27 19:24:02

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2025 will be remembered as the year crypto IPOs stormed Wall Street. Circle, Bullish, and eToro led the charge, with 11 public listings raising $14.6 billion—a seismic shift from 2024's meager $310 million. Circle's NYSE debut saw shares surge 168%, while Bullish and eToro posted gains of 143% and 32% respectively. Stablecoins gained mainstream legitimacy through Circle's landmark offering.

Behind the euphoria lies volatility. Post-IPO price swings and regulatory scrutiny underscore the sector's inherent risks. Yet the success of these listings has irrevocably altered finance's trajectory—validating digital assets as institutional-grade investments. The stage is set for 2026's next evolution.

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