Galaxy Digital has received a license from the UK's Financial Conduct Authority (FCA), enabling the company to expand its operations in derivatives trading and asset management in the UK.
FCA License for Galaxy Digital
Galaxy Digital UK Limited, a subsidiary of Galaxy Digital, has been approved by the FCA to provide services in the UK market. The license will allow the company to offer expanded derivatives trading capabilities to UK clients via its London office and leverage the license for capital investments and investment banking.
Company's Expansion Plans
The FCA license enhances the regulated status of Galaxy Digital, headquartered in New York, with over 1,300 institutional trading counterparties. The company's global presence also includes offices in Chicago, Hong Kong, and Tokyo. Understanding of crypto regulation is becoming clearer in both the UK and the European Union through MiCA rules, enabling Galaxy to bolster its compliance efforts.
Upcoming Plans and Achievements
The FCA license is a significant milestone for Galaxy Digital, focused on attracting innovation capital. The UK has become a conducive environment for the growth of transformative technologies like digital assets, attracting top talent, investments, and innovation into the region, supported by a wealth of talent, world-class academic institutions, and an entrepreneurial spirit.
Galaxy Digital continues to expand its global presence and solidify its position in the digital asset market, gaining new growth and innovation opportunities through the FCA license.
