Crypto Firm Galaxy Digitally Holdings Continues to Operate At a Loss

Galaxy Digital Holdings, a cryptocurrency firm, reported a net loss of $54 million in the third quarter, marking its second straight quarter operating at a loss. Despite the losses, the company’s revenue increased by roughly 30% in the third quarter, largely fueled by the success of its trading business.

CEO Mike Novogratz believes that the incoming Trump presidency will have a positive impact on the company’s business.

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