Share this article
Galaxy Digital Appoints Ex-Goldman Sachs Executive as Chairman
Mike Novogratz will remain as CEO as the firm plans for a U.S. stock offering later in the year.
Updated May 9, 2023, 3:18 a.m. Published Apr 16, 2021, 12:24 p.m.
Galaxy Digital named former Goldman Sachs executive Michael Daffey as its chairman.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The appointment, announced Friday, is in preparation for the firm’s U.S. public stock offering.
- The investment management firm currently trades on the Toronto Stock Exchange.
- Mike Novogratz, who will remain as CEO, said in March that the company will list in the U.S. in the second half of the year.
- Daffey was most recently chairman of Goldman Sachs’ global market division, with his retirement announced in March.
- He also recently bought a $51 million New York City mansion previously belonging to convicted sex criminal Jeffrey Epstein.
See also: Galaxy Digital Files for US Bitcoin ETF
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
