After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.
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After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States.
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The acquisition is scheduled to follow Galaxy’s domestication in Delaware, which is expected to become effective between Q2 and Q4 of 2022.
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The bullish setup also emerged as crypto custodian BitGo announced that it would add AVAX to its service portfolio.
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After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022.
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Stacks is bridging decentralized finance and the Bitcoin network. BitGo users will now have access to BTC yield directly through STX token.
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The rise of crypto custody continues as more institutional investors seek exposure to Bitcoin, Ether and decentralized finance.
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Arianna Simpson has been a general partner at the venture capital firm for more than a year as a16z led several high-profile raises for crypto and blockchain companies.
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