Galaxy Digital UK Receives FCA Approval for Derivatives Trading License
Galaxy Digital UK, a subsidiary of Galaxy Digital, has received approval from the Financial Conduct Authority (FCA) to execute derivatives trading in the U.K.
Key details include:
- The Investment Banking arm will utilize the FCA authorization for capital raising and investment banking services.
- Galaxy Digital UK will support its asset management business with fund distribution activities.
- Galaxy is listed on the FCA's investment firms register for MiFID investment services and joined the FCA's crypto register in 2021.
- CEO Leon Marshall stated this authorization enhances their presence in the U.K. and supports their mission to integrate traditional finance with digital assets.
- The U.K. continues attracting crypto firms, including Coinbase, Bitpanda, and BlackRock.