Bullish Makes Ex-NYSE President Stacey Cunningham Its President Ahead of Equiniti Deal

Bullish has appointed former NYSE President Stacey Cunningham as its president ahead of its $4.2 billion acquisition of Equiniti, a deal the crypto exchange plans to fund partly with roughly 61 million of its own shares. Cunningham, who previously succeeded current Bullish CEO Tom Farley atop the NYSE, joins as the company integrates a major traditional-finance transfer agent and payments business. The move signals Bullish's push to bridge crypto trading with established market infrastructure and to bolster leadership ahead of closing the Equiniti transaction. Investors should watch how the share-based financing affects Bullish's capital structure and whether the Equiniti deal clears regulatory and shareholder hurdles.