The US Securities and Stock Exchange Commission (SEC) approved the registration statement of Galaxy Digital within the scope of corporate restructuring. The company’s effort to open up to the US market with the increase in institutional demand for products subject to financial regulations is remarkable. The price of Bitcoin climbed 80 thousand dollars again after the fluctuation in the last 24 hours.
Crypto giant comes to the US stock market
The Galaxy Digital aims to move its center from Cayman Islands to Delaware by separating from its current position on the Toronto Exchange. The company’s plan on the company’s Nasdaq stock exchange with the “glxy” code is considered a step to meet the current investor demands in the US market.
The company plans to decide on the restructuring process of the shareholders on May 9th. After the completion of the structural arrangement, the listing process is expected to be switched quickly.
CEO Mike Novogratz pointed out that the company’s expansion plans have been entered.
Mike Novogratz: “The approval of the registration declaration is an important turning point for the company to take a more active role in the international market.”
Galaxy Digital provides crypto assets, asset management and tokensation services; In addition to infrastructure services for corporate customers, it invests in high -performance information and artificial intelligence -supported data centers. These steps show that the company aims to expand the service range and is seen as part of plans to strengthen its location in the market.
Future steps
During the transition to the US market, the company is expected to benefit from the increasing demand from corporate customers. In the process of structural arrangement and market expansion, the cautious approach of investors continues, while the future steps of the company will be carefully monitored.
This company, which is also actively interested in Altcoin companies, collects more liquidity in US stock markets. Among the companies that the company invests through the investment branch is 1inkh, Blockfi, Ethena, Eigen Layer, Fireblocks, Evmıos, Hashflow, RAMP.
Galaxy Digital’s strategies are evaluated in line with their objectives to adapt to financial regulations and increase their competitiveness in the global market. These developments are an example for other companies operating in the sector and point to the importance of balance elements between the approval processes of regulatory institutions and the market dynamics.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
