Cryptocurrency Analysis and News Portal
Galaxy Digital’s bitcoin funds raised $58.7 million in their first year as predominately high-dollar buyers staked their claim to the surging cryptocurrency. The institutional fund in particular appears to capture high-rollers’ spiking interest in bitcoin. With a minimum investment of $250,000, the $55 million fund attracted 33 investors for an
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It appears that decentralized finance (DeFi) is back in vogue after a strong 80% correction throughout the past
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The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the "go to" platform for institutional access to digital assets, the firm said Friday. Source
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Galaxy Digital was trading slightly higher on the news. Source
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Galaxy Digital’s over-the-counter trading desk posted record volumes in the third quarter, signaling once again that institutional uptake of digital assets is on the rise. The company’s third-quarter earnings report showed a 75% year-over-year rise in trading volumes, reaching approximately $1.4 billion. The increase was attributed to an expanding counterparty base,
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Gelato said the seed round will fund further development of its bot network that will provide automated smart contract execution. Source
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Non-profit organization that supports the development and growth of the Stellar network The Stellar Development Foundation (SDF) is integrating Stellar into the
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Mike Novogratz believes that the partnership with the financial education firm CAIS would help kickstart the institutional adoption of Bitcoin.Mike Novogratz, the CEO of Galaxy Digital, believes that the next phase of Bitcoin adoption is institutional. His company recently partnered with the financial education firm CAIS to train fund managers
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With Galaxy Digital now working on an educational course for financial advisers, founder Mike Novogratz told CryptoX he hopes it will help finally kick-start the institutional use of bitcoin, and turn around the asset manager’s fortunes. Novogratz, a Wall Street veteran, loves a compelling narrative. “Bitcoin specifically is a story about
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The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. “We designed
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