The New York City-based crypto firm, which has been listed on the Toronto Stock Exchange since 2020, was up 4 per cent Friday after its first day of trading on the Nasdaq. (The Logic)
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The New York City-based crypto firm, which has been listed on the Toronto Stock Exchange since 2020, was up 4 per cent Friday after its first day of trading on the Nasdaq. (The Logic)
Talking point: In an interview with CNBC, Galaxy CEO Mike Novogratz described the four-year process of trying to take Galaxy public in the U.S. as “un-American, unfair, infuriating.” Galaxy went public on the TSX instead because U.S. regulators imposed steeper requirements on crypto firms. Novogratz said Galaxy would “be a different company” if it had been listed in the U.S. for the past four years, because American markets offer access to a deeper pool of investors. Crypto firms there are enjoying a boost under Donald Trump. Galaxy will continue to trade on the TSX.
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