Bullish, a provider of a regulated, institutional digital assets exchange, acquired CoinDesk, a NYC-based provider of an crypto focused integrated media, events and index platform, from Digital Currency Group (DCG).
The amount of the deal was not disclosed.
With the acquisition, Bullish will plan to invest in CoinDesk’s global expansion and the growth of the media, events, and indexing businesses. CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.
Led by CEO Kevin Worth, CoinDesk is a media, events, indices and data company for the global crypto economy. CoinDesk Media provides news and analysis on the price movements, technologies, companies and people shaping the evolution of the bitcoin and digital currency ecosystem. CoinDesk Events gathers the global crypto, blockchain and Web3 communities at annual events such as Consensus. CoinDesk Indices offers expertise in digital asset indices, data and research to educate and empower investors. The company also announced that it has appointed Matt Murray, former Editor-in-Chief of The Wall Street Journal, to serve as Chair of its Editorial Committee to ensure journalistic independence.
Led by CEO Tom Farley, Bullish provides a centralized exchange that combines a high-performance central limit order book (CLOB) with proprietary automated market making technology to deliver deep liquidity and tight spreads – all within a compliant and regulated framework. Launched in November 2021, the exchange is available in 50+ select jurisdictions in Asia Pacific, Europe, Africa, and Latin America. Bullish exchange is operated by Bullish (GI) Limited and is regulated by the Gibraltar Financial Services Commission (GFSC) (DLT license: FSC1038FSA).
FinSMEs
22/11/2023