The biggest and most established global hub for everything crypto, blockchain and Web3.Further roll-out of the company’s prime brokerage product, Galaxy One, is viewed positively.Galaxy Digital , the crypto financial services firm headed by Michael Novogratz, had a strong end to 2023 withacross its diversified business, broker Canaccord Genuity said in a research report on Wednesday.
Positive highlights include an almost doubling of assets under management from year-end to more than $10 billion, equity capital growing to over $2.1 billion versus about $1.5 billion at the end of the third quarter, and quarter-to-date income before tax of around $300 million, the report said.
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