CoinDesk, a renowned media outlet covering the cryptocurrency industry, recently underwent a significant change in ownership. In November 2023, Bullish Group, the owner of a regulated digital assets exchange called Bullish, acquired CoinDesk from Digital Currency Group. This acquisition marked a new chapter for CoinDesk as it became a part of the Bullish Group, which is majority-owned by Block.one.
Both Bullish and Block.one have interests in various blockchain and digital asset businesses, along with significant holdings of digital assets, including bitcoin. Despite the acquisition, CoinDesk continues to operate as an independent subsidiary with an editorial committee in place to safeguard journalistic independence. It’s worth noting that CoinDesk employees, including journalists, may receive options in the Bullish Group as part of their compensation package.
The transition in ownership has not compromised CoinDesk’s commitment to upholding a strict set of editorial policies. Journalists at CoinDesk adhere to these policies to ensure high-quality and objective reporting within the cryptocurrency space. With the backing of the Bullish Group, CoinDesk aims to continue delivering award-winning content that informs and educates readers about the latest developments in the digital asset industry.
As a reader, you can rest assured that CoinDesk remains dedicated to providing accurate and reliable information while operating under its new ownership. The integration of CoinDesk into the Bullish Group signifies a strategic move to strengthen its presence in the cryptocurrency market and expand its offerings to readers worldwide. Stay tuned for more updates and insightful coverage from CoinDesk under its new ownership structure.