Galaxy Digital plans Nasdaq listing as crypto stocks post strong rebound

Quick Summary:

Galaxy founder and CEO Mike Novogratz said on April 30 that the listing would be a milestone “that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems.”Nasdaq listing will widen Galaxy’s investor baseA special Galaxy shareholders' meeting is scheduled for May 9 to seek final approval for the move, with Nasdaq also needing to offer its approval before listing the crypto firm.

The company plans to use the ticker symbol GLXY on the Nasdaq, and if it goes ahead with the listing, will enter a transition period during which it will continue to trade on the TSX, on which it first listed in July 2020.Galaxy is down 12.28% on the TSX so far this year amid a broader market downturn, according to Google Finance data.GLXY is own 12.28% since Jan.1 on the Toronto Stock Exchange.

The Toronto Stock Exchange (TSX) listed crypto investment firm Galaxy Digital is set to move to the US-based Nasdaq on May 16, pending stakeholder approval at its upcoming shareholders meeting.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United States

Topics: Investment Listed Move Firm Nasdaq Crypto Novogratz Exchange Galaxy April Listing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 05:04:36 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28306296

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