Key takeaways:
-
Galaxy Digital plans to begin trading on the Nasdaq on May 16, pending shareholder and Nasdaq approval.
-
Nasdaq-listed crypto firms posted strong gains in April after a period of macroeconomic uncertainty.
-
Galaxy CEO Mike Novogratz says the listing will broaden the company’s investor base and US presence.
The Toronto Stock Exchange (TSX) listed crypto investment firm Galaxy Digital is set to move to the US-based Nasdaq on May 16, pending stakeholder approval at its upcoming shareholders meeting.
Galaxy’s planned move comes as several Nasdaq-listed crypto firms saw substantial gains in April, following a turbulent few months of macroeconomic uncertainty.
Galaxy founder and CEO Mike Novogratz said on April 30 that the listing would be a milestone “that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence…
