Bullish Completes Strategic Acquisition to Accelerate CoinDesk’s Global Expansion and Growth of Media, Events and Indices Businesses

Summary

Bullish, a regulated digital assets exchange, has announced its acquisition of CoinDesk, an integrated media, events, and index platform for the future of finance. Bullish plans to invest in CoinDesk’s global expansion and the growth of its media, events, and indexing businesses. CoinDesk will continue to operate as an independent subsidiary within Bullish, led by its existing management team. The terms of the transaction were not disclosed.

Introduction

Bullish has acquired CoinDesk, a platform that encompasses media, events, and indices in the finance sector. Bullish aims to inject capital into CoinDesk’s growth initiatives, allowing for the launch of new services, events, and products. The acquisition will support CoinDesk’s commitment to journalistic independence and its role in shaping the global crypto and blockchain ecosystem.

Main Points

– Bullish, a regulated digital assets exchange, has acquired CoinDesk from Digital Currency Group to accelerate CoinDesk’s global expansion and growth.
– CoinDesk will continue to be led by its existing management team and operate as an independent subsidiary within Bullish.
– Bullish plans to invest in CoinDesk’s media, events, and indexing businesses and will inject capital into growth initiatives.
– Matt Murray, former Editor-in-Chief of The Wall Street Journal, has been appointed as the Chair of CoinDesk’s Editorial Committee to ensure journalistic independence.
– CoinDesk’s indices and media businesses have experienced significant growth and recognition, with the company being named the “Best Cryptocurrency Index Provider” by ETF Express and receiving awards for its journalism.

Conclusion

Bullish’s acquisition of CoinDesk will support CoinDesk’s global expansion and growth in its media, events, and indices businesses. CoinDesk will continue to operate independently within Bullish, led by its existing management team. The acquisition emphasizes Bullish’s commitment to supporting the future of digital assets and CoinDesk’s role in shaping the crypto and blockchain ecosystem. CoinDesk’s indices and media businesses have already achieved significant recognition and growth, and the acquisition is expected to further fuel their development.