CoinDesk, a renowned media outlet that specializes in covering the cryptocurrency industry, recently underwent a significant change in ownership. In November 2023, Bullish group, the owner of the regulated digital assets exchange Bullish, acquired CoinDesk from Digital Currency Group. This acquisition marked a new chapter for CoinDesk, as it now operates as an independent subsidiary under the Bullish group.
Bullish group, majority-owned by Block.one, is deeply involved in various blockchain and digital asset businesses, with substantial holdings in digital assets like bitcoin. This strategic move aligns with Bullish group’s vision to expand its presence in the cryptocurrency market and solidify its position as a leading player in the industry.
Despite the change in ownership, CoinDesk maintains its editorial independence through an editorial committee that safeguards its journalistic integrity. Journalists at CoinDesk adhere to a strict set of editorial policies to ensure accurate and unbiased reporting on all matters related to cryptocurrency and blockchain technology.
It is worth noting that CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation package. This aligns with Bullish group’s commitment to fostering a collaborative and incentivized work environment for its team members.
Overall, the acquisition of CoinDesk by Bullish group signifies a strategic partnership that aims to drive innovation and excellence in the cryptocurrency industry. With a shared vision for growth and success, both entities are poised to make significant contributions to the ever-evolving landscape of digital assets and blockchain technology.