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.
Make us preferred on Google
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
Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business
Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously
What to know:
- Coinbase CEO Brian Armstrong said a top executive at one of the world’s 10 largest banks told him crypto is now the bank’s “number one priority” and an “existential” issue.
- At Davos, Armstrong highlighted tokenization of assets and stablecoins as major themes, arguing they could broaden access to investments for billions while threatening to bypass traditional banks.
- He described the Trump administration as the most crypto-forward government globally, backing efforts like the CLARITY Act, and predicted that AI agents will increasingly use stablecoins for payments outside conventional banking rails.
Top Stories
