Bullish, a regulated institutional digital assets exchange, has successfully acquired CoinDesk, a New York City-based integrated media, events, and index platform with a focus on cryptocurrencies. The acquisition, completed from Digital Currency Group (DCG), aims to propel Bullish’s investment in CoinDesk’s global expansion and foster growth across its media, events, and indexing businesses. The financial terms of the deal have not been disclosed.
CoinDesk, led by CEO Kevin Worth and its existing management team, will continue to operate as an independent subsidiary within Bullish. The company serves as a comprehensive resource for the global crypto economy, offering news, analysis, events, indices, and data related to the evolving landscape of bitcoin and digital currencies. CoinDesk Media delivers insights into price movements, technologies, companies, and individuals shaping the crypto ecosystem. CoinDesk Events gathers the global crypto, blockchain, and Web3 communities through annual events like Consensus, while CoinDesk Indices provides expertise in digital asset indices, data, and research to educate and empower investors. Notably, Matt Murray, former Editor-in-Chief of The Wall Street Journal, has been appointed as the Chair of CoinDesk’s Editorial Committee to uphold journalistic independence.
Bullish, under the leadership of CEO Tom Farley, operates a centralized exchange that combines a high-performance central limit order book (CLOB) with proprietary automated market-making technology. Launched in November 2021, the exchange is available in over 50 jurisdictions across Asia Pacific, Europe, Africa, and Latin America. Operating under Bullish (GI) Limited, the exchange is regulated by the Gibraltar Financial Services Commission (GFSC) with a DLT license (FSC1038FSA). This acquisition aligns with Bullish’s strategic vision for growth and expansion in the digital assets space.
