Bullish Acquires CoinDesk from Digital Currency Group
Ex-NYSE Chief Tom Farley's Crypto Exchange to Inject Capital into CoinDesk, Ensuring its Independence and Growth
- Barry Silbert's Digital Currency Group (DCG) has sold crypto news site CoinDesk to Bullish, a digital asset exchange led by ex-NYSE chief Tom Farley.
- The deal was an all-cash transaction, but the exact terms have not been disclosed.
- CoinDesk will operate as an independent subsidiary of Bullish, with the existing management team remaining in place.
- Matt Murray, former editor-in-chief of The Wall Street Journal, will head a newly formed editorial committee at CoinDesk to ensure journalistic independence.
- Bullish plans to inject capital into CoinDesk to help scale the operation and launch new services, events, and products.