Bullish Pre-Market Drops Over 8%, Company Reportedly Plans $4.2 Billion Acquisition of Equiniti

BlockBeats News, May 5th, according to Bitget data, the cryptocurrency exchange platform Bullish plunged more than 8% in pre-market trading, trading at $37.16.

Earlier reports indicated that the cryptocurrency exchange platform Bullish would acquire share registry provider Equiniti for $4.2 billion (including debt). Following the acquisition, Bullish and Equiniti plan to offer comprehensive tokenization services to corporate issuers, including enabling securities trading on platforms like Bullish 24/7 and providing payment and settlement solutions based on stablecoins.