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Market News

Bullish Acquires CoinDesk from Digital Currency Group

CoinDesk will continue to be run by Kevin Worth and the current management group.

Written By:
Jalpa Bhavsar

Last updated: November 20, 2023 3:44 PM
Published November 20, 2023 3:44 PM
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Last updated: November 20, 2023 3:44 PM
Published November 20, 2023 3:44 PM
Bullish Acquires CoinDesk from Digital Currency Group

Today, Bullish, the fastest-growing regulated, institutional digital asset exchange headed by Tom Farley, announced that it had acquired CoinDesk, an integrated media, events, and index platform for the future of finance, from Digital Currency Group (DCG).

.@BarrySilbert & @DCGco acquired @CoinDesk in 2016 with the belief that our industry needed a leading independent media company. We are proud to have supported its transformation into an award-winning brand, and thrilled for its future with @Bullish https://t.co/nl5eQ31azL pic.twitter.com/og8rhxQZkX

— DCG (@DCGco) November 20, 2023

Optimistic intentions to finance the global expansion of CoinDesk as well as the expansion of the media, events, and indexing industries. As an autonomous division of Bullish, CoinDesk will continue to be run by Kevin Worth and the current management group. The deal’s financial details were not made public.

Tom Farley, CEO of Bullish, said, “This last year has been a difficult period for our industry. It has reminded us all that trust is an absolute essential ingredient for the future of digital assets. CoinDesk will continue our proud independent tradition with Matt’s guidance.”

“We are thrilled to partner with Bullish and begin the next phase of CoinDesk’s growth,” expressed Kevin Worth, the CEO of CoinDesk. “With renewed momentum in the crypto economy as well as investment from Bullish, we look forward to capitalizing on the many opportunities ahead for product development and expansion.

Additionally, CoinDesk revealed that Matt Murray, a former WSJ editor-in-chief, has been appointed to head the editorial committee responsible for maintaining journalistic independence.

Also Read: CoinDesk Indices Expands To Asia-Pacific With ICE Partnership

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.

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