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Galaxy Digital CEO: Unfair Treatment in Nasdaq Listing, Process Extended by 1320 Days

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Odaily
409Words
May 15, 2025

Odaily Planet Daily reports that Galaxy Digital CEO Mike Novogratz stated in an interview with CNBC that the company's Nasdaq listing process was very arduous, "feeling very un-American, unfair, and infuriating." What was originally supposed to take 45 to 90 days extended to 1,320 days, involving nine rounds of negotiations with the U.S. Securities and Exchange Commission. However, this ordeal did not break Galaxy; instead, it made the company stronger. After listing on Nasdaq, Galaxy expects its costs to decrease by 40%. Mike Novogratz emphasized that Galaxy Digital's goal is to become a bridge connecting traditional finance and the crypto world to meet the growing institutional demand. (CNBC)

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