Bullish, a cryptocurrency exchange, is allegedly going public through a SPAC merger with Far Peak Acquisition Corp. Bullish has been backed by Peter Thiel, a billionaire investor, as well as Nomura Holdings and Galaxy Digital.
The deal could increase Bullish’s value to $12 billion. Mergers with SPAC are becoming more and more common as an easy way for cryptocurrency exchanges to go public. Bullish is a subsidiary of Block.one.