Crypto exchange Bullish to buy Equiniti
A toy with the Bullish logo, a cryptocurrency exchange operator, is displayed during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., August 13, 2025.
Brendan McDermid | Reuters
Cryptocurrency exchange Bullish said on Tuesday that it is set to buy global transfer agent Equiniti in a transaction valued at $4.2 billion.
The transaction includes about $1.85 billion of assumed debt and roughly $2.35 billion in Bullish stock, the company said.
Bullish shares fell 7% premarket.
Equiniti processes about $500 billion in annual payments and supports over 20 million verified shareholders.
The deal is expected to close in January 2027, subject to regulatory approvals, Bullish added.
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