UK Crypto World: Galaxy Digital Gets the FCA Nod 🚀

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  • Galaxy Digital UK gets the green light for derivative shenanigans.
  • UK crypto laws give Galaxy Digital a growth spurt (finally).

Galaxy Digital UK, the quirky offspring of the digital asset financial services family, has snagged approval from the U.K. Financial Conduct Authority (FCA) to dabble in derivatives trading. The FCA kindly added them to their crypto club in 2021. This is a big tick on their global domination checklist, all while keeping the regulatory gods happy.

With this shiny new badge, Galaxy Digital UK can now play derivatives from its London playground. This means they can stretch their digital limbs in one of the snazziest financial markets. They’re on a quest to merge traditional banking with digital gold, and they’re not afraid to show it.

Oh, and the investment banking folks at Galaxy Digital also got the nod to do their capital-raising thing from London. They’ll be helping out with the asset management gig by fiddling with fund distribution. Now, they’re all set to impress the institutional folks who are into digital bling.

But wait, there’s more! Galaxy Digital also managed to do a sneaky $200 million deal with the New York Attorney General’s Office. They were hyping up LUNA without mentioning they’d already sold their stack. Talk about a profit party that no one else was invited to!

Leon Marshall, the big cheese at Galaxy Europe and the global sales honcho, is all about this FCA thumbs-up. He says it’s a chance to dish out fancy trading tricks while sticking to the rules. London, he says, is the place to be. And with this approval, Galaxy Digital can now sprinkle its magic across the UK market.

Galaxy Digital is already BFFs with over 1,300 institutional clients and has branches all over the place. With the FCA license, they’re ready to pump up their digital asset game. They’re basically the cool kids in the digital asset derivatives sandbox now.

Marshall also gave a shout-out to the UK’s crypto rules. He digs how the UK is all about creating a regulatory playground that keeps evolving. He’s big on the UK’s innovation and investment vibe, which makes it a hot spot for digital asset biz. Plus, the UK’s got a bunch of brainy folks and cool schools, which is perfect for the digital asset hustle.

In the end, Galaxy Digital and pals need to play nice with the regulatory bigwigs. This FCA stamp of approval means they can cook up new services and win over the hearts (and wallets) of institutional investors. Galaxy Digital is on a roll, and they’re not slowing down anytime soon.

 

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2025-04-03 17:26