CoinDesk was acquired by cryptocurrency exchange Bullish, according to a Wall Street Journal (WSJ) story published on Monday.
According to the Journal, Bullish, which is led by former NYSE President Tom Farley, acquired all of CoinDesk from cryptocurrency-focused investor Digital Currency Group (DCG) in an all-cash transaction. The deal’s financial details were kept a secret.
Farley stated that CoinDesk will function as a stand-alone division of Bullish, as per the article. Additionally, Matt Murray, the former editor-in-chief of the Wall Street Journal, will serve as the chair of an editorial committee.The present CoinDesk management group will continue in their role.