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.

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

Copyright: sdecoret / 123RF Stock Photo

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.

While we acknowledge the risk and potential of BLSH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BLSH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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