In a significant move, Bullish, the crypto exchange led by former New York Stock Exchange president Tom Farley, has acquired CoinDesk, the leading crypto and blockchain news and information platform. This acquisition marks a new era for CoinDesk, which will continue to operate as an independent subsidiary under Bullish’s ownership, ensuring editorial independence and unbiased reporting.
The acquisition brings together two prominent players in the crypto space, with Bullish’s financial backing and expertise complementing CoinDesk’s established reputation for high-quality journalism and data-driven insights. This synergy is expected to fuel CoinDesk’s growth and expansion, enabling it to deliver even more comprehensive and valuable resources to the crypto community.
Bullish expressed its profound gratitude to Digital Currency Group (DCG), the previous owner of CoinDesk, for its instrumental role in fostering CoinDesk’s success and establishing it as a leading voice in the crypto industry. Bullish also recognizes the unwavering dedication and exceptional talent of the CoinDesk staff, whose contributions have been pivotal in shaping the platform’s reputation for excellence.
Bullish has acquired @CoinDesk, which will operate as an independent subsidiary and retain editorial independence. Bullish will immediately inject capital into several of CoinDesk’s most exciting growth initiatives which will power the launch of new services, events and products.… pic.twitter.com/vGIUXI9Jy3
— Bullish (@Bullish) November 20, 2023
Bullish has pledged to immediately inject capital into several of CoinDesk’s most promising growth initiatives, paving the way for the launch of new services, events, and products. This influx of resources will empower CoinDesk to further enhance its coverage, expand its reach, and deepen its impact on the crypto ecosystem.
Highlights of the Acquisition:
- Bullish acquires CoinDesk from Digital Currency Group.
- CoinDesk will operate as an independent subsidiary under Bullish’s ownership.
- Editorial independence and unbiased reporting will be safeguarded.
- Bullish will inject capital into CoinDesk’s growth initiatives.
- CoinDesk will launch new services, events, and products.
- Bullish is committed to supporting the growth and development of the crypto space.
With this acquisition, Bullish reaffirms its commitment to supporting the growth and development of the crypto space. By empowering CoinDesk to continue its mission of providing unbiased, insightful, and high-quality crypto journalism, Bullish is making a significant contribution to the industry’s future.