CoinDesk acquired by Bullish

Crypto exchange Bullish has acquired CoinDesk, a leading news site specializing in bitcoin and digital currencies.

The acquisition was announced on November 20, 2023, and is expected to close in the first quarter of 2024.

CoinDesk was founded in 2013 by Shakil Khan and has since become one of the most respected and influential news outlets in the cryptocurrency space. The site provides in-depth coverage of the latest news and developments in the cryptocurrency market, as well as analysis and commentary from leading experts.

Bullish is a regulated institutional digital assets exchange that was founded in 2021 by former New York Stock Exchange CEO Thomas Farley. The exchange offers a range of services, including spot and derivative trading, custody, and lending.

The acquisition of CoinDesk by Bullish is seen as a major coup for the exchange, which is looking to expand its reach in the cryptocurrency market. CoinDesk's strong brand and reputation will help Bullish attract new customers and build trust with institutional investors.