Bullish misses first-quarter revenue estimates as transaction revenue slips

The crypto platform posted weaker-than-expected revenue as adjusted transaction revenue declined from a year earlier.

Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported first-quarter adjusted revenue below analyst expectations as weaker digital asset trading activity early in the year weighed on earnings.

The company posted adjusted revenue of $92.8 million, compared with…