Former NYSE President Tom Farley’s Far Peak Acquisition to merge with Bullish.

July 09, 2021 08:33 AM PDT | By Invezz

Former NYSE President Tom Farley’s Far Peak Acquisition to merge with Bullish. — Image source: Invezz

Future is bright for digital assets

After news of the deal was made official, Farley, in an interview on CNBC’s “Squawk Box,” said:

This is a big idea whose time has come. Digital assets are here to stay. The smartest engineering talent is going into digital assets; digital assets are solving very important problems. Anybody who tells you they know exactly how it’s going to turn out is lying or delusional, but in general, you’re going to see more and more interesting use cases, more and more dollars go into the space.

Investments pour in from various quarters for Bullish

In proceeds from Far Peak, Bullish is expected to receive about $600 million, while a sum of $300 million will come from a PIPE or private investment in public equity. BlackRock, the world’s largest asset manager, and Mike Novogratz’s crypto-focused financial services firm Galaxy Digital are the other PIPE investors.

Bullish aims to launch a revolutionary, regulated cryptocurrency exchange

Bullish is determined to launch “a revolutionary, regulated cryptocurrency exchange” this year, and a private pilot program beginning in the coming weeks, a press release read. “The exchange will offer “deep, predictable liquidity with technology that enables retail and institutional investors to generate yield from their digital assets,” added the release.

The acceptance of bitcoin and other cryptocurrencies has been in the news for many months. Corporate giants like Tesla and Square have invested in bitcoin. Cryptocurrencies and bitcoin are powered by decentralized digital ledgers known as blockchains.

The post Former NYSE President Tom Farley’s Far Peak Acquisition to merge with Bullish. appeared first on Invezz.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.