skip to Main Content
bitcoin
Bitcoin (BTC) $ 86,494.17 8.42%
ethereum
Ethereum (ETH) $ 2,158.44 14.48%
tether
Tether (USDT) $ 0.999523 0.08%
xrp
XRP (XRP) $ 2.41 17.60%
bnb
BNB (BNB) $ 578.21 7.46%
solana
Solana (SOL) $ 143.78 19.17%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.865518 21.94%
dogecoin
Dogecoin (DOGE) $ 0.200522 16.52%
staked-ether
Lido Staked Ether (STETH) $ 2,156.38 14.53%

Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3

Michael Novogratz of Galaxy Digital
(CoinDesk archives)

Mike Novogratz’s Galaxy Digital Nets $44.3M in Q3

Galaxy Digital, the crypto merchant bank headed by noted crypto evangelist Mike Novogratz, reported net income of $44.3 million in the third quarter of 2020, up from a loss of $68.2 million in the year-ago period.

  • Galaxy Digital’s total assets eclipsed $536 million, nearly $225 million of which was in cryptocurrencies.
  • Volume at subsidiary Galaxy Digital Trading (GDT) was up 75% year over year to a record $1.4 billion.
  • Galaxy attributed the soaring trading volume to momentum in bitcoin markets.
  • GDT on Friday acquired crypto trading firms DrawBridge Lending and Blue Fire Capital for an undisclosed sum.
  • GLXY was trading up 30 basis points around $5.37 CAD (US$4.08) on the Toronto Stock Exchange at press time.
Loading data ...
Comparison
View chart compare
View table compare
Back To Top