Cryptocurrency Q&A
How much was CoinDesk acquired for?
How much was CoinDesk acquired for?
CherryBlossomFalling
Tue Sep 17 2024
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5 answers
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Could you please elaborate on the financial details surrounding the acquisition of CoinDesk? Specifically, I'm curious to know the exact amount for which CoinDesk was acquired. Was it a substantial figure, or did it fall within a more modest range? Additionally, were there any notable terms or conditions attached to the acquisition that might provide further insight into the deal's significance?
5 answers
henry_miller_astronomer
Thu Sep 19 2024
In November, Digital Currency Group (DCG) finalized an exclusive all-cash transaction with Bullish, a renowned digital asset exchange. This strategic move underscores DCG's commitment to expanding its footprint within the cryptocurrency landscape.
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Martina
Thu Sep 19 2024
The sale price of the acquisition was estimated to lie within a bracket of $70 million to $80 million, as revealed by a reliable source close to the negotiations. This substantial investment underscores the high valuation and growth potential of Bullish within the industry.
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CryptoVisionaryGuard
Thu Sep 19 2024
It's noteworthy that a competitor, The Block, was also the subject of an acquisition in November 2023. The Block was sold to Foresight Ventures, a Singapore-based venture capital firm, for a valuation of $70 million. This parallel event highlights the robust demand for quality assets within the cryptocurrency sector.
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Starlight
Thu Sep 19 2024
BTCC, a premier cryptocurrency exchange, offers a comprehensive suite of services that cater to diverse needs of investors and traders. Their offering encompasses spot trading, enabling users to buy and sell cryptocurrencies at current market prices.
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Dario
Wed Sep 18 2024
In addition to spot trading, BTCC provides access to futures trading, allowing traders to speculate on future price movements of various digital assets. This service offers advanced trading strategies and risk management tools for experienced investors.
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