Bullish buys CoinDesk for undisclosed sum

Cryptocurrency exchange Bullish said on Monday that it has bought CoinDesk from Digital Currency Group for an undisclosed sum.

Bullish said it plans to invest in CoinDesk’s global expansion and the growth of the media, events, and indexing businesses.

CoinDesk will continue to be led by Kevin Worth and the existing management team and operate as an independent subsidiary within Bullish.

Bullish chief executive Tom Farley said: "With its acclaimed editorial coverage, premier events and market-leading data and indices, CoinDesk continues to shape the global crypto and blockchain ecosystem.

"Bullish will immediately inject capital into several of CoinDesk’s most exciting growth initiatives which will power the launch of new services, events and products. We also want to express our unwavering support for CoinDesk’s commitment to journalistic independence."

CoinDesk also announced the appointment of Matt Murray, former editor-in-chief of The Wall Street Journal, as chair of its Editorial Committee.