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- Galaxy Digital has appointed Leon Marshall as CEO to manage its operations in Europe.
- For the time being, Marshall will oversee all international sales for Galaxy Digital.
In response to the ongoing examination by U.S. regulators and stringent compliance requirements, investment firm Galaxy Digital is intensifying its presence in Europe. Following the introduction of the MiCA crypto legislation, Galaxy Digital has recruited a former executive from crypto broker Genesis to spearhead its European initiatives and explore growth opportunities in the region.
Galaxy Digital, the cryptocurrency enterprise headed by billionaire Mike Novogratz, is establishing an office in Europe. The firm has appointed Leon Marshall as CEO to manage its operations and relationships with key clients in the European market.
Michael Novogratz remarked:
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“We are excited to announce Leon as the CEO of Europe, a region that is vital to our growth strategy. Leon’s exceptional leadership abilities and proven history of developing and scaling digital asset products for European institutional investors will be crucial as we continue to expand our operations in the U.K. and continental Europe aggressively.”
Eyeing Strategic Expansion
Additionally, Marshall was appointed CEO of Europe following the establishment of a partnership with asset management firm DWS. Together, the companies will offer a range of ETPs in Europe. Furthermore, for the foreseeable future, Marshall will oversee all international sales for Galaxy.
Moreover, expanding into Europe and other crypto-friendly regions such as Singapore and the UAE is a key focus for Galaxy Digital, similar to other crypto firms. In light of the regulatory challenges in the United States and the European Union’s Markets in Crypto-Assets Regulation (MiCA), Europe is viewed as a promising market for crypto enterprises.
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