Crypto Firm Galaxy Secures UK FCA Approval for License to Expand Derivatives Trading
The Galaxy Digital UK, the subsidiary of Mike Novogratz led by the Digital Asset Financial Services’s Application for a license to carry out trading derivatives in the UK has been approved by the Financial Conduct Authority (FCA).
The company’s arm of the company banking will also use FCA’s permission of Galaxy Digital UK to provide capital increases services and investment banking services, according to a statement On Wednesday. The Galaxy UK subsidiary will also support the asset management business with fund distribution activities.
Galaxy Digital UK is in FCA’s Investment companies registeredthat for the companies that have been permitted Perform mifid investment services or activity. Galaxy also joined the FCA’s Crypto register in 2021.
“London is a critical financial hub, and this permission allows us to deepen our presence in the UK, which aligns with our mission to bridge traditional finances along with the digital asset ecosystem,” said Leon Marshall, CEO of Galaxy Europe and Global Head of Sales.
UK is attracting crypto companies such as Coinbase, Bitpanda and latest assigned Blackrock A space in its crypto register.
