Coindesk, a leading digital media company focused on cryptocurrency and blockchain technology, has been acquired by Bullish, a cryptocurrency trading platform, for $300 million. The deal, which is expected to close in the first quarter of 2023, will give Bullish access to Coindesk's extensive network of journalists, analysts, and industry experts.
Coindesk was founded in 2013 by Kevin Rose and Pete Flint. The company has since grown to become one of the most trusted sources of information about cryptocurrency and blockchain technology. Coindesk's website attracts over 10 million unique visitors per month, and its newsletter has over 400,000 subscribers.
Bullish is a cryptocurrency trading platform that was founded in 2021 by Wall Street veteran Barry Silbert. The company's platform offers a variety of features for cryptocurrency traders, including spot trading, derivatives trading, and staking. Bullish has raised over $1 billion in funding from investors such as Fidelity Investments, Galaxy Digital, and Coinbase Ventures.
The acquisition of Coindesk by Bullish is a significant development in the cryptocurrency industry. The deal gives Bullish access to a wealth of information and expertise about cryptocurrency and blockchain technology. This will help Bullish to build a more comprehensive and user-friendly platform for cryptocurrency traders.
Reference
https://www.theverge.com/2023/11/20/23968952/coindesk-bullish-crypto-exchange-acquisition