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Thiel-Backed Crypto Exchange Bullish Is in SPAC Merger Talks

Blank-check firm Far Peak lining up investor financing
Bullish could be valued at up to $12 billion in merger

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By Manuel Baigorri and Eyk Henning

June 23, 2021 at 2:21 PM UTC

Updated on

June 23, 2021 at 3:48 PM UTC

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Bullish, a cryptocurrency exchange backed by a group of billionaires, is in talks to merge with special purpose acquisition company Far Peak Acquisition Corp., according to people familiar with the matter.