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The U.S. Securities and Exchange Commission (SEC) has approved the registration statement submitted by Galaxy Digital as part of its corporate restructuring. The company’s efforts to enter the U.S. market are noteworthy, especially with the increasing corporate demand for financial-regulated products. Following recent fluctuations, the price of Bitcoin 
$84,712 has once again climbed to the threshold of $80,000.
Crypto Giant Makes Its Move to the U.S. Exchange
Galaxy Digital aims to relocate its operations from its current listing on the Toronto Stock Exchange to Delaware from the Cayman Islands. The company’s plan to list on the Nasdaq under the ticker “GLXY” is viewed as a strategic move to meet existing investor demands in the U.S. market.
Shareholders are expected to make a decision regarding the restructuring process in a vote scheduled for May 9. Following the completion of the structural adjustments, a swift transition into the listing process is anticipated.
CEO Mike Novogratz indicated that the company is entering a significant phase of its expansion plans.
Mike Novogratz: “The approval of the registration statement is a crucial milestone for the company to play a more active role in the international market.”
Galaxy Digital provides cryptocurrency trading, asset management, and tokenization services. It invests in high-performance computing and AI-powered data centers while offering infrastructure services to corporate clients, indicating its aim to broaden its service range and strengthen its market position.
Next Steps Ahead
During the transition to the U.S. market, the company is expected to capitalize on the increasing demand from corporate clients. As structural adjustments and market expansion unfold, a cautious approach from investors is anticipated, and the company’s future steps will be closely monitored.
Actively engaging with altcoin companies, Galaxy Digital’s push for increased liquidity in U.S. exchanges is seen as a positive sign for the cryptocurrency ecosystem. Among the companies it invests in through its investment arm are 1inch, BlockFi, Ethena, Eigen Layer, Fireblocks, Evmıos, Hashflow, and Ramp.
Galaxy Digital’s strategies are evaluated in light of compliance with financial regulations and enhancing competitiveness in the global market. These developments may serve as a model for other companies in the sector, emphasizing the importance of balancing regulatory approval processes with market dynamics.
