Galaxy Digital Expands in the UK with FCA Derivatives Trading License
London, Wednesday, 2 April 2025.
Galaxy Digital secures a UK FCA license, enhancing its position in European markets and increasing potential revenue by expanding its derivatives trading operations.
Strategic Expansion in European Markets
Galaxy Digital’s UK subsidiary has secured a crucial Financial Conduct Authority (FCA) license on April 2, 2025, marking a significant expansion of its derivatives trading capabilities in London [1][2]. The authorization enables Galaxy Investment Banking to provide comprehensive capital raising and investment banking services, while supporting Galaxy Asset Management’s fund distribution activities [3].
Growing Institutional Presence
The company has demonstrated substantial growth in recent months, with preliminary assets under management reaching $6.1 billion as of November 2024 [1]. Galaxy Digital’s strategic positioning in the UK market comes at a time when the country has established itself as a key destination for digital asset firms, with the FCA maintaining stringent approval standards that result in only 14% of applications receiving authorization [3]. The company joins an exclusive group of 51 firms currently registered on the FCA’s crypto asset register, alongside industry leaders such as Coinbase, Fidelity, and Kraken [3].
Financial Performance and Leadership
Galaxy Digital enters this new phase of expansion following strong financial results, reporting a Q4 2024 net income of US$174 million and adjusted net income of US$341 million [1]. Under the leadership of Leon Marshall, CEO of Galaxy Europe and Global Head of Sales, the company aims to strengthen its position as a bridge between traditional finance and digital assets [2]. The timing of this expansion aligns with the company’s recent strategic moves, including a successful $402.5 million senior notes offering completed in December 2024 [1].