Overview
- Galaxy Digital, which won NYDFS approval Monday under the state’s BitLicense regime, can now offer regulated crypto trading and custody through GalaxyOne Prime NY.
- The authorization lets the firm serve registered investment advisors, hedge funds, and family offices across New York.
- Galaxy says its platform manages about $9 billion in client assets and holds more than 50 regulatory licenses worldwide.
- Galaxy shares fell about 7% Monday afternoon after the announcement.
- Galaxy’s head of research outlined a tight summer window for the Senate’s CLARITY Act, which he says could reset U.S. crypto market rules if it passes before the August recess.