Crypto exchange Bullish's ambitions for public listing stumble as SPAC deal times out

Quick Take

  • Cayman Islands-based crypto exchange Bullish will not be going public, as the time has run out on its SPAC deal. 

Bullish has ended a SPAC deal that would have brought the block.one-founded crypto exchange onto the New York Stock Exchange.

Cayman Islands-registered Bullish and Far Peak, the acquisition vehicle led by former NYSE leader Tom Farley, put out a joint announcement on the end of the partnership, which they'd originally publicized in July 2021. Far Peak will be shutting down as an entity between now and March 7. 

“Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work,” Bullish CEO Brendan Blumer said in a statement. 

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