Bullish, a digital asset trading platform, reported second-quarter earnings on Wednesday, exceeding analysts' earnings per share expectations and projecting an increase in adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) for the next quarter. According to FactSet data, the platform's second-quarter earnings per share (EPS) were $0.93, beating the average analyst estimate by $0.03. Bullish also reported adjusted revenue of $57 million in the second quarter, compared to expectations of $60.7 million.

Bullish CEO Tom Farley said the company saw "strong business momentum" in the third quarter. The company's trading volume surged to $179.6 billion, up from $133 billion in the same period last year. For the next quarter, Bullish expects trading volume to be between $133 billion and $142 billion. Bullish also expects adjusted Ebitda to be between $25 million and $28 million in the third quarter, compared to $8.1 million in the second quarter, the statement said. The report is the company's first quarterly report since it went public on the New York Stock Exchange (NYSE) in August. (CoinDesk)