Galaxy Digital is shifting from a crypto trader reliant on market volatility to a digital asset management bank with stable revenue streams. Its latest quarterly report highlights key progress in this strategic transformation. Business Shift: While the trading division hit record transaction volumes, its profit contribution fell to under 45% of total profits. Revenue from corporate finance and treasury management grew to $408 million, accounting for over 55% of adjusted gross profits—signalin...

Galaxy Digital is shifting from a crypto trader reliant on market volatility to a digital asset management bank with stable revenue streams. Its latest quarterly report highlights key progress in this strategic transformation. Business Shift: While the trading division hit record transaction volumes, its profit contribution fell to under 45% of total profits. Revenue from corporate finance and treasury management grew to $408 million, accounting for over 55% of adjusted gross profits—signalin...