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The New York City-based crypto investment firm is delisting from the Toronto Stock Exchange to “anchor our public market presence on Nasdaq,” which is now where most trading of the company’s shares takes place, head of investor relations Jonathan Goldowsky said on X. (The Logic)
Talking point: Galaxy CEO Mike Novogratz would have preferred to list in the U.S. from the get go, choosing Canadian capital markets in 2020 only because he couldn’t get approval south of the border. Galaxy finally went public on the Nasdaq in May 2025, under U.S. President Donald Trump’s crypto-friendly regulatory regime. Galaxy has played a high-profile role in crypto markets, launching one of the world’s first bitcoin ETFs in Canada in partnership with Toronto investment firm CI Financial in 2021. In 2022, Novogratz apologized for promoting the Terra stablecoin, whose collapse sparked contagion and a prolonged crypto bear market.
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