- Galaxy Digital Holdings Ltd. (Galaxy Digital) has announced that it will start trading on the Toronto Stock Exchange (TSX) on July 6, 2020.
- A per press release, to start trading from July 6, 2020, the company has completed all the requirements set out by the TSX Sandbox program.
- A few days back, Galaxy Digital has announced its partnership with the prominent alternative investment platform, CAIS.
Recently, one of the leading cryptocurrency and digital assets companies by market capitalization, Galaxy Digital Holdings Ltd. (Galaxy Digital) has announced that it will start trading on Toronto Stock Exchange (TSX) in July 6, 2020.
Completed All The Requirements Of TSX Sandbox Program
Galaxy Digital is one of the world’s largest financial services and investment management companies. That offer services in digital assets, cryptocurrency, and blockchain technology. Currently, it operates for major business lines that include trading, Investment Banking, Asset Management, and Principal Investments.
A per press release, to start trading from July 6, 2020, the company has completed all the requirements set out by the TSX Sandbox program. However, Galaxy Digital’s last date of trading in the TSX Venture Exchange is July 03, 2020. After which it will de-list regarding the graduation to TSX. However, the company’s stock ticker will stay “GLXY”.
Moreover, TSX Sandbox is an initiative proposed to encourage listing applications that may not fulfill the original listing requirements of TSX. But, due to the facts or circumstances unique to a specific issuer in any case warrant a listing on TSX.
A Limited Operating History
Besides this, Galaxy Digital needs to disclose the risk factors included in the recent Annual Information Form for the year 2019. Firstly, The Company has limited working history and its business lines are dependent upon material legal, regulatory, operational, and different risks in each zone.
Secondly, the company’s ordinary share market price and trading volume volatility will probably keep on being so in response to other factors. Such as market fluctuations in digital assets, or the digital assets that are held by Galaxy Digital or exchanges.
A few days back, Galaxy Digital has announced its partnership with the prominent alternative investment platform, CAIS. That aims to streamline the advisor’s access to digital assets. Also, to offer advanced education about the emerging asset classes.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?