Galaxy Digital Expands Into Europe Amid Ongoing Crackdown in the U.S

• Galaxy Digital has hired Leon Marshall as CEO to oversee its operations in Europe.
• For the foreseeable future, Marshall will lead all international sales for Galaxy Digital.

Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the area.

Galaxy Digital, the cryptocurrency firm led by billionaire Mike Novogratz, is setting up an office in Europe. Galaxy Digital has hired Leon Marshall as CEO to oversee its operations and connections with its most important clients in Europe.

Michael Novogratz stated:

“We are thrilled to name Leon as the CEO of Europe, a region that is critically important to our growth strategy. Leon’s tremendous leadership skills and strong track record of developing and scaling digital asset products for European institutional investors will be invaluable to us as we continue to scale our operations in the U.K. and continental Europe aggressively.”

Eyeing Strategic Expansion

Moreover, Marshall was named CEO of Europe after forming a partnership with asset management company DWS. In Europe, the companies will provide a variety of ETPs. Also, for the foreseeable future, Marshall will lead all international sales for Galaxy.

Furthermore, expansion into Europe and other crypto-friendly nations like Singapore and the UAE is a priority for Galaxy Digital, as it is for other crypto businesses. Amid the crypto onslaught in the United States and the European Union’s Markets in Crypto-Assets Regulation (MiCA) regulation, Europe is considered as a potential market for crypto businesses.

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