After a breakthrough year, Mike Novogratz has led Galaxy Digital to a dual listing on the Nasdaq Stock Exchange.

American digital currency investment firm Galaxy Digital, founded by Mike Novogratz, has now achieved a dual listing on the Nasdaq Global Select Market.

The company announced in a post on X that the bell has finally rung, signaling its inclusion in the stock market. Additionally, the first trade has been cleared, with the firm trading under the ticker symbol GLXY.

Mike Novogratz Leads Galaxy Digital to Make History

The company’s plans to go public in the United States have long been debated in the community. Despite most of its business interests being concentrated in the country, regulatory hurdles have pushed it to list in Canada on the Toronto Stock Exchange (TSX).

Along with changes in management, Galaxy sought a Nasdaq listing in April, a move that at the time depended on a shareholder vote.

After ringing the bell to confirm that each hurdle had been passed, Mike Novogratz acknowledged each of the company's stakeholders and community members.

The listing has been followed by a flurry of reactions, with comments from top industry leaders such as Bitwise CEO Hunter Horsley.

Paystand CEO Jeremy Allmist emphasized the importance of the listing to the crypto community. According to him, the more high-quality Bitcoin and crypto-related firms rise on the Nasdaq, the faster the industry will mature.

Galaxy Digital has faced a general push for growth over the past year. Meanwhile, it has had its share of bad deals and regulatory backlash recently. Earlier this year, BitGo CEO Mike Belshey called for regulatory clarity following the Galaxy and NYAG settlements.

However, the company is one of the backbones that drives innovation in the industry.

Mike Novogratz's firm is actively engaged in buying and selling digital currencies to help maintain overall liquidity.

Crypto Firms and Public Listing Milestones

Since Coinbase Global Inc. went public via an indirect listing on Nasdaq in 2021, more firms have made the move.

One of the latest crypto-related firms to go public is eToro. targeted a $4 billion valuation when it entered the public market through an IPO earlier this week.

In addition to Galaxy Digital and these firms, stablecoin issuer Circle Internet Financial is also taking initial steps to go public in the United States. The firm has explored various avenues, including a special purpose acquisition company (SPAC), in its bid to go public.

Most of his efforts have been in vain. However, optimism is growing on its current listing plans. Existing firms on the public market are also gaining traction, with Coinbase expected to top the S&P 500 next week.

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