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Galaxy Digital is expanding into Europe in response to stricter crypto regulations in the US.
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Galaxy Digital is extending its presence in Europe because of stricter crypto regulations in the US. They’ve appointed a former executive from Genesis, a crypto broker, to lead their European operations and explore growth prospects in the region, especially with the MiCA crypto regulation in mind.
Galaxy Digital Shifts Attention to Europe
Billionaire Mike Novogratz’s crypto company, Galaxy Digital, is growing in Europe from its London office. They’ve chosen Leon Marshall as the CEO to lead their European expansion and oversee operations and client connections.
Michael Novogratz, the founder of Galaxy Digital, expressed his excitement about Leon becoming the CEO of Europe. He emphasized the region’s importance to their growth plans and praised Leon’s leadership skills and track record in developing digital asset products for European institutional investors. This expertise will be highly valuable as they expand their operations in the United Kingdom and continental Europe.
Leon’s appointment as CEO of Europe comes after Galaxy Digital formed a strategic partnership with asset management firm DWS. Together, they will provide a range of digital asset exchange-traded products (ETPs) in Europe. Additionally, Leon will maintain his role as Galaxy’s global head of sales.
Crypto Companies Seek Crypto-Friendly Nations
Galaxy Digital, along with Ripple Labs and other crypto companies, is expanding its presence in Europe and crypto-friendly nations like Singapore and the UAE. This move comes as U.S. regulators are criticized for lacking regulatory clarity, and Europe introduces strict crypto regulations through the MiCA law.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.