PANews reported on April 3 that according to CoinDesk, the UK subsidiary of digital asset financial services company Galaxy Digital announced that its application for a derivatives trading license from the UK Financial Conduct Authority (FCA) has been officially approved. Galaxy Digital's investment banking business will use the FCA authorization it has obtained to conduct capital raising and investment banking services in the UK. The UK subsidiary will also provide fund distribution support for its asset management business.
Galaxy Digital UK is currently included in both of the FCA's regulatory lists: as an authorized institution that can provide EU Financial Instruments Markets Directive (MiFID) investment services, Galaxy also joined the FCA's cryptocurrency list in 2021.
