Crypto exchange Bullish to buy Equiniti in $4.2 billion deal

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.