Europe :
expands cryptocurrencies :
US investment :
firm Galaxy Digital will expand its presence in Europe
appointing a new CEO in Europe.
Galaxy Digital
appointed Leon Marshall to lead its European operations,
- Looking for expansion opportunities in
- the region amid cryptocurrency regulations
- for the markets in cryptocurrencies (MiCA).
Before joining Galaxy
Marshall has been the managing director
and global head of sales at Genesis for more than four years.
Marshall will lead the company's expansion into Europe
and also manage operations and relationships with key customers.
Lyon's immense leadership skills
- and strong track record in developing
- and expanding digital asset products
- for European institutional investors will be of
great value to us as we continue to aggressively expand
our operations in the UK and continental Europe."
- Michael Novogratz
- ounder of Galaxy Digital
- seeks ways to expand in Europe
Marshall's appointment follows the company's strategic alliance with DWS
one of the leading asset management companies in Europe
to develop a comprehensive portfolio of digital asset trading
(ETP) products in Europe.
In addition
Galaxy Digital reapply to
become a US exchange traded fund with Invesco in June 2023.
Transatlantic eyes
Amid regulatory uncertainty, many cryptocurrency companies in
the United States are considering expanding into other regions.
Europe is seen as an opportunity for cryptocurrency companies amid the tightening of cryptocurrencies in the MiCA Act of the United States and the European Union.
In particular
- the Coinbase cryptocurrency exchange sought to
- the relative regulatory clarity provided
by the European Union and the United Kingdom.
Ripple Labs plans to expand into Europe
and other cryptocurrency-friendly countries. Galaxy Digital decided to follow it.
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