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Galaxy Digital will launch new division and expand team

Mike Novogratz’s Galaxy Digital cryptocurrency bank plans to open a research unit and increase its headcount by 40%. Reported by The Block.

The direction will be headed by Alex Thorn, a former top manager of the Fidelity Investments financial corporation. Previously, he led the subsidiary venture capital fund Avon Ventures.

The top executive noted that Galaxy Digital plans to expand its team by 40% over the next year, focusing on research and customer service. The decision, he said, reflects the company’s ambition to become a full-featured investment bank.

“Our company will not trade ratings like analysts do with stocks. We plan to share our point of view with the whole world, ”added Thorne.

As a reminder, in January Galaxy Digital opened a new Bitcoin mining division. The direction was headed by the former top manager of the financial corporation Fidelity Investments Amanda Fabiano.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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