Galaxy Digital Holdings Ltd. announced that it has received a license from the UK's Financial Conduct Authority (FCA), allowing its subsidiary to conduct derivatives trading from London.
FCA License Acquisition
The acquisition of the FCA license is a significant milestone in Galaxy Digital's global expansion. It affirms the company's commitment to operating under strict regulatory frameworks while enhancing its trading capabilities in one of the world's leading financial centers.
Expansion of Investment Services
The FCA license also strengthens Galaxy's investment banking arm, enabling it to offer capital-raising and advisory services in the UK. Galaxy Digital UK will support its asset management division by facilitating fund distribution and integrating financial services across global markets.
Trends in the Digital Asset Market
With institutional demand for digital assets increasing, the FCA approval underscores a broader trend toward greater acceptance and involvement in the sector. A recent EY report indicates that 86% of surveyed institutional investors have invested in digital assets or plan to do so by 2025.
The FCA license acquisition highlights Galaxy Digital's significance in the global digital asset derivatives market and opens new opportunities for institutional investors.
