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Europe expands cryptocurrencies

 


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

  1. and strong track record in developing
  2. and expanding digital asset products
  3. 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."

  1. Michael Novogratz
  2. ounder of Galaxy Digital
  3. 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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