Former NYSE President's Company Acquires CoinDesk in Crypto Exchange Deal

Cryptocurrency exchange Bullish, led by former NYSE President Tom Farley, has acquired CoinDesk in an all-cash deal from Digital Currency Group. CoinDesk will operate as an independent subsidiary of Bullish, with its current management team remaining in place. An editorial committee, chaired by former Wall Street Journal Editor-in-Chief Matt Murray, will also be formed. Financial terms of the deal were not disclosed.