Coinbase rival Bullish plans NYSE listing through SPAC deal

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The exchange, which was created in May, is planning to merge with Far Peak Acquisition Corp, run by former NYSE president Thomas Farley Bullish, a crypto exchange rivalling (), has said it is planning to go public on the New York Stock Exchange (NYSE) through a merger with Special Purpose Acquisition Company (SPAC) Far Peak Acquisition Corp (), run by the exchange’s former president Thomas Farley. Bullish, which is backed by a number of prominent figures including Holdings Inc () co-founder Peter Thiel, said on Friday that the merger carries a pro forma equity value of around US$9bn, although this will be adjusted based on crypto asset prices at the time of the combination, which is expected to occur before the end of the year. READ: Former Barclays boss plans US listing for crypto firm Circle The merger will see Farley serve as chief executive of Bullish, which was launched in May by blockchain software firm Block.one with around US$10bn in funding. “Bullish repre
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