Mentioned:
One of the biggest companies in crypto is heading for the Nasdaq next.
What’s happening:
- Galaxy Digital (TSX: GLXY) has officially announced their Form S-4 has been declared effective by the United States Securities and Exchange Commission
Why it matters:
- The new approval from the United States Securities and Exchange Commission will allow Galaxy Digital to list on the Nasdaq for the first time ever
Going deeper:
- Galaxy Digital is one of the most important companies in all of crypto, with a global presence in trading, lending, staking and multiple different funds focused on digital assets
- CoreWeave (NASDAQ: CRWV) and Galaxy Digital also just recently made waves with their new multi billion dollar deal for hosting high performance computing at Galaxy Digital’s Helios data centre located in Texas
The fine print:
- Galaxy Digital’s listing on the Nasdaq is still contingent on a shareholder vote and completing their reorganization into becoming a Delaware company
