Galaxy Digital Sets Sights on European Expansion, Appoints New Regional CEO

Galaxy Digital (GLXY), the cryptocurrency financial services company based in New York, is making strategic moves to establish a stronger presence in Europe. To spearhead this expansion, Mike Novogratz's firm has appointed Leon Marshall, who already serves as the global head of sales, to take on the role of the first European CEO. Marshall will continue to oversee sales operations in addition to his new responsibilities.

Novogratz emphasized the significance of this newly-created role, stating that it aligns with Galaxy's commitment to aggressively expand operations in the U.K. and Europe. These regions have demonstrated a clear dedication to adopting digital assets and establishing the necessary regulatory frameworks for the industry to thrive.

This move mirrors a broader trend in the crypto industry, with companies like Coinbase (COIN) also seeking to amplify their presence in Europe. This strategic expansion is driven in part by the relative regulatory clarity provided by both the European Union (EU) and the U.K. in recent months.

Read more: Cryptocurrency's Former CEO Faces Legal Trouble Over Alleged Drug Use and Misconduct