Citigroup raises the target price for cryptocurrency exchange Bullish to $70 and reiterates a buy rating

ChainCatcher news, due to better-than-expected performance in the second quarter, strong IPO momentum, and accelerated growth in SS&O, Citigroup has raised the target price for cryptocurrency exchange Bullish to $70. Citigroup stated that the long-awaited approval of the BitLicense by the New York Department of Financial Services (NYDFS) has removed a key regulatory hurdle and boosted investor confidence. Citigroup also reiterated its buy rating, stating that the company has highly attractive operating leverage.