{"id":59908,"date":"2023-09-21T17:28:50","date_gmt":"2023-09-21T21:28:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=59908"},"modified":"2023-09-21T17:30:10","modified_gmt":"2023-09-21T21:30:10","slug":"galaxy-digital-joins-ripple-for-europe-expansion","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/galaxy-digital-joins-ripple-for-europe-expansion\/","title":{"rendered":"Galaxy Digital Joins Ripple for Europe Expansion"},"content":{"rendered":"\n

Galaxy Digital<\/a> is expanding further into Europe due to a crypto crackdown by U.S. financial regulators and stringent regulatory conditions.<\/p>\n\n\n\n

\"Galaxy
Galaxy Digital Joins Ripple for Europe Expansion<\/figcaption><\/figure>\n\n\n\n

In response to Markets in Crypto-Assets\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> (MiCA) bitcoin legislation, Galaxy Digital has engaged Leon Marshall to oversee its European operations. Marshall spent more than four years as Genesis' managing director and global head of sales before joining Galaxy.<\/p>\n\n\n\n

Marshall will oversee operations, meaningful client connections, and the company's European expansion.<\/p>\n\n\n\n

\n

\u201cLeon\u2019s 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.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Galaxy Digital Galaxy's founder, Michael Novogratz, seeks opportunities to grow in Europe. Marshall's hiring comes after the company formed a strategic collaboration with DWS, one of the top asset managers in Europe, to provide a full range of digital asset<\/a> exchange trading (ETP) products in that region.<\/p>\n\n\n\n

In addition, Galaxy Digital has reapplied to Invesco in June 2023 to become an exchange-traded fund in the US. Many US-based cryptocurrency startups are seeking international development amid regulatory uncertainties. <\/p>\n\n\n\n

Due to the stricter regulations on cryptocurrencies in the US and EU under the MiCA Act, crypto companies see Europe as an opportunity. Motivated by the greater regulatory clarity provided by the European Union<\/a> and the UK, bitcoin exchange Coinbase has tried to extend its business in Europe. Additionally, Ripple Labs intends to grow in Europe and other nations that support cryptocurrencies. Galaxy Digital decided to comply.<\/p>\n","protected":false},"excerpt":{"rendered":"

Galaxy Digital is expanding further into Europe due to a crypto crackdown by U.S. financial regulators and stringent regulatory conditions. In response to Markets in Crypto-Assets (MiCA) bitcoin legislation, Galaxy Digital has engaged Leon Marshall to oversee its European operations. Marshall spent more than four years as Genesis’ managing director and global head of sales […]<\/p>\n","protected":false},"author":43,"featured_media":59910,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4685,951,142],"class_list":["post-59908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-europe","tag-galaxy-digital","tag-ripple"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/09\/croc_1695328849354.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=59908"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/59908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/59910"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=59908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=59908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=59908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}