Galaxy Digital Secures FCA Approval for Derivatives Trading License

According to PANews, Galaxy Digital's UK subsidiary has received approval from the UK's Financial Conduct Authority (FCA) for a derivatives trading license. This authorization will enable Galaxy Digital's investment banking division to conduct capital raising and investment banking services in the UK. Additionally, the UK subsidiary will support fund distribution for its asset management business. Galaxy Digital UK is now listed under two major FCA regulatory registers. It is authorized to provide investment services under the EU's Markets in Financial Instruments Directive (MiFID) and has been part of the FCA's cryptocurrency register since 2021.