Bullish Acquires CoinDesk
Bullish, a cryptocurrency exchange, acquired CoinDesk from Digital Currency Group (DCG), as announced in a press release. The deal was led by former New York Stock Exchange (NYSE) President Tom Farley. The financial terms of the acquisition have not yet been disclosed.
WSJ Editor-In-Chief to Chair Independent Editorial Committee
Former WSJ editor-in-chief Matt Murray will chair an independent editorial committee for CoinDesk, while the current editorial team will remain the same. Kevin Worth, CoinDesk’s CEO, and the existing management team will continue to lead the platform under Bullish.
Tom Farley’s Perspective
Bullish CEO Tom Farley commented on the acquisition, expressing the exchange’s commitment to inject capital into CoinDesk and support its journalistic independence while fueling the launch of new services, events, and products.
Kevin Worth’s Thoughts
CoinDesk’s CEO Kevin Worth stated that he is thrilled to begin the next phase of CoinDesk’s growth with the investment from Bullish, aiming to capitalize on opportunities ahead for product development and expansion.
DCG’s Barry Silbert Comments
DCG CEO Barry Silbert reflected on CoinDesk’s growth over the last seven years, expressing his pride and confidence in the platform to thrive in partnership with Bullish.
Hot Take
CoinDesk, a leading crypto media site, is now part of Bullish, a significant acquisition that promises to fuel the growth and expansion of CoinDesk’s services and products, as well as uphold its commitment to independent journalism.
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