NYSE-listed crypto exchange operator Bullish has agreed to a $4.2 billion deal to acquire transfer agent Equiniti. The merger aims to combine blockchain infrastructure with traditional equity market services. Bullish shares rose following the announcement.

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Crypto exchange Bullish has climbed to the third-largest position among centralized exchanges by spot trading volume in February, overtaking Coinbase amid a slowdown in overall market activity. The platform's volume surged 62.6% to $76 billion, securing a 5.06% market share. This shift highlights increasing competition in the sector as trading spreads across more platforms.

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