 Bullish, a crypto exchange rivalling Coinbase Global Inc NASDAQ:COIN, has said it is planning to go public on the New York Stock Exchange NYSE through a merger with Special Purpose Acquisition Company SPAC Far Peak Acquisition Corp NYSE:FPAC, run by the exchanges former president Thomas Farley. Bullish, which is backed by a number of prominent figures including PayPal Holdings Inc NASDAQ:PYPL co-founder Peter Thiel, said on Friday that the merger carries a pro forma equity value of around US9bn, although this will be adjusted based on crypto asset prices at the time of the combination, which is expected to occur before the end of the year. 