Galaxy Digital’s Market-Leading Trading Platform Enables First-of-its-Kind Transaction by a Major U.S. Bank
NEW YORK, March 21, 2022 /CNW/ – Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital” or “the Company”), the pre-eminent world supplier of blockchain and cryptocurrency monetary companies for establishments, introduced as we speak that its buying and selling unit has facilitated and executed the primary OTC crypto transaction with Goldman Sachs Group Inc. (“Goldman Sachs” or “the Bank”) within the type of a Bitcoin non-deliverable choice (NDO).
This marks the primary OTC crypto transaction by a serious financial institution within the U.S., as Goldman Sachs continues increasing its cryptocurrency choices, demonstrating the continued maturation and adoption of digital property by banking establishments. It additionally represents a continuation of the Bank’s partnership with Galaxy Digital to deepen its crypto capabilities, which included facilitating the Bank’s first CME Group Inc. Bitcoin futures transaction final yr.
“We are pleased to continue to strengthen our relationship with Goldman and expect the transaction to open the door for other banks considering OTC as a conduit for trading digital assets,” stated Damien Vanderwilt, Co-President, and Head of Global Markets at Galaxy Digital. “Goldman’s continuing trust in us is a testament to Galaxy’s expertise and ability to meet the evolving demands by institutions as crypto solidifies itself as the fifth asset class.”
Galaxy Digital’s buying and selling platform is wholly targeted on the quickly increasing digital-asset market, providing shoppers deep, numerous liquidity throughout quite a lot of centralized exchanges and OTC markets. Through robust relationships with spot and future exchanges, digital asset exchanges, custodians and fiat banking companions, Galaxy has deep capabilities in transferring capital and property securely and effectively.
“We are pleased to have executed our first cash-settled crypto currency options trade with Galaxy,” stated Max Minton, Asia Pacific head of digital property for Goldman Sachs. “This is an important development in our digital assets capabilities and for the broader evolution of the asset class.”
Galaxy’s buying and selling platform supplies liquidity in over 100 digital property, with a constant concentrate on the increasing wants of its counterparties within the digital property sector. Galaxy works with over 690 institutional buying and selling counterparties and added 43 new relationships within the third quarter of final yr.
About Galaxy Digital
Galaxy Digital (TSX: GLXY) is a technology-driven monetary companies and funding administration agency that gives establishments and direct shoppers with a full suite of monetary options spanning the digital property ecosystem. Galaxy Digital operates within the following companies: Trading, Asset Management, Investment Banking, Mining and Principal Investments. Galaxy Digital’s CEO and Founder is Mike Novogratz. The Company is headquartered in New York City, with places of work in Chicago, London, Amsterdam, Tokyo, Hong Kong, the Cayman Islands (registered workplace), and New Jersey.
Additional details about the Company’s companies and merchandise is accessible on www.galaxydigital.io.
Disclaimers
The TSX has neither accepted nor disapproved the contents of this press launch.
SOURCE Galaxy Digital Holdings Ltd.
For additional info: Investors Relations Contacts: Elsa Ballard, [email protected], (212) 390-9216; Steven Wald, [email protected], (212) 390-9216; Media Relations Contact: Eva Casanova, [email protected], (917) 847-4796
