Catenaa, Monday, April 14, 2025-Galaxy Digital, the cryptocurrency investment firm led by Michael Novogratz, has secured a crucial regulatory license from the UK’s Financial Conduct Authority (FCA), enabling its UK subsidiary to offer derivatives trading. The FCA license is a significant milestone for Galaxy Digital UK, allowing it to expand its institutional trading capabilities, particularly in the rapidly evolving digital assets market.
In addition to derivatives trading, the FCA approval will enable Galaxy’s investment banking unit to offer capital-raising and advisory services from its London office. The license also supports Galaxy’s asset management division, facilitating activities like fund distribution within the UK. The firm plans to leverage the new authorization to deepen its presence in the UK and strengthen its institutional trading operations globally.
Leon Marshall, CEO of Galaxy Europe, emphasized that obtaining FCA authorization was vital for delivering innovative trading solutions while ensuring regulatory compliance. He highlighted the importance of the UK as a key financial hub for Galaxy’s expansion strategy. The firm’s UK arm will contribute to meeting the growing institutional demand for digital assets, as evidenced by recent surveys showing increasing interest among institutional investors in crypto assets.
While institutional adoption of digital assets in the UK lags behind jurisdictions like the US, Galaxy’s new FCA license positions it to capitalize on the growing demand for crypto-related services. As more institutional investors recognize digital assets as a viable investment class, Galaxy Digital aims to bridge traditional finance with the rapidly expanding digital asset ecosystem.
