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Galaxy Digital UK obtains FCA license for derivatives trading expansion

Summary by CryptoPanic

Galaxy Digital, the cryptocurrency firm founded by billionaire Mike Novogratz, has received approval from the UK's Financial Conduct Authority (FCA) to execute derivatives trading.

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Financial services: Regulation tomorrow

FCA publishes policy statement on the derivatives trading obligation and post-trade risk reduction services

On 3 April 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/2, on the derivatives trading obligation (DTO) and post-trade risk reduction (PTRR) services. Background In July 2024, the FCA consulted (in CP24/14) on proposed changes to the scope of the DTO and the framework for exemptions from the DTO for PTRR services. In particular, it proposed to: Bring swaps on the US risk-free rate SOFR (Secured Overnight Financi…

1 day ago

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decrypt.co

Crypto Market Maker Hit With $428,000 Fine Over Wash Trading

UAE-based CLS Global pleaded guilty to charges of market manipulation and wire fraud in January, following an FBI sting operation.

1 day ago·New York, United States

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Blockchain & Cryptocurrencies Tabloid

Galaxy Digital Secures UK FCA Approval for Expansion - Blockchain & Cryptocurrencies Tabloid

Galaxy Digital received UK FCA approval, enhancing their digital asset services and derivatives operations in the UK. The post Galaxy Digital Secures UK FCA Approval for Expansion appeared first on Blockchain & Cryptocurrencies Tabloid.

1 day ago

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opalesque.com

Logon Opalesque Alternative Market Briefing

Mike Novogratz's Galaxy Digital plans UK growth on back of new trading licence From Financial News: Galaxy Digital, the cryptocurrency group founded by US billionaire Mike Novogratz, plans to bolster its London-based business after obtaining a derivatives trading licence from the UK regulator. Th... Article link

2 days ago

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Cryptopolitan

Galaxy Digital UK obtains FCA license for derivatives trading expansion

Galaxy Digital, the cryptocurrency firm founded by billionaire Mike Novogratz, has received approval from the UK’s Financial Conduct Authority (FCA) to execute derivatives trading through its London-based subsidiary, Galaxy Digital UK Ltd. Galaxy Investment Banking will also utilize the license to offer its capital raising and investment banking solution to customers in the U.K., the company said in a press release. Galaxy Digital secures FCA …

2 days ago

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CryptoPanic

Galaxy Digital UK obtains FCA license for derivatives trading expansion

Galaxy Digital, the cryptocurrency firm founded by billionaire Mike Novogratz, has received approval from the UK's Financial Conduct Authority (FCA) to execute derivatives trading.

2 days ago

Read Full Article

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