Galaxy Digital Holdings Ltd. has received regulatory approval from the UK’s Financial Conduct Authority (FCA), granting its UK subsidiary, Galaxy Digital UK Ltd., a license to conduct derivatives trading from its London office.
The approval marks a significant milestone in Galaxy’s global expansion, reinforcing its commitment to operating within strict regulatory frameworks while enhancing its trading capabilities in one of the world’s leading financial hubs.
Beyond derivatives trading, the FCA license strengthens Galaxy’s investment banking arm, enabling it to offer capital-raising and advisory services in the UK. Galaxy Digital UK will also support its asset management division by facilitating fund distribution and integrating its financial services across global markets.
Leon Marshall, CEO of Galaxy Europe, highlighted the FCA authorization as a transformative step for the company’s institutional services. This approval enables Galaxy to offer innovative trading solutions to institutional clients while adhering to high regulatory standards. He emphasized London’s status as a key financial hub for expanding the digital asset ecosystem. He noted the UK’s evolving regulatory environment, which attracts talent and investment, establishing it as a leading centre for digital asset innovation.
With a network of over 1,300 institutional trading counterparties and offices spanning North America, Europe, and Asia, Galaxy’s latest regulatory win cements its position as a major player in the global digital asset derivatives market.
The approval comes as institutional demand for digital assets surges, highlighting a broader trend towards increased acceptance and involvement in the sector. A recent EY report indicates that 86% of institutional investors surveyed have already invested in digital assets or plan to do so by 2025. Meanwhile, Steve Kurz, Galaxy Digital’s Global Head of Asset Management, has expressed optimism about the future of Bitcoin and the cryptocurrency market at large, suggesting that the U.S. government’s crackdown on the industry is now “officially over.” This shift signals a pivotal moment for institutional engagement in the crypto space.
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