Amid increased regulatory scrutiny in the United States, Europe has become an attractive destination for crypto firms. Galaxy Digital, the crypto venture led by US billionaire Mike Novogratz, is now venturing into the European market for greener pastures. As part of this expansion, the company has appointed Leon Marshall, formerly an executive at the crypto broker Genesis, as its first Head of Europe. Marshall is tasked with establishing a regional presence based in London. Meanwhile, the exec announced plans to onboard staff across Galaxy’s investment banking, asset management, crypto lending, and derivatives businesses. However, Galaxy Digital turned profitable in the Q1 of 2023.
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