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After a process that took years (1,300 or so days, Galaxy CEO Mike Novogratz noted on a Tuesday earnings call), GLXY shares are trading on the Nasdaq. 

The US listing boosts the stock’s visibility — i.e. via Robinhood and perhaps, one day, in indexes (S&P, MSCI, Russell, etc.)

More than that, though, we’re watching how it helps the firm scale as competition stiffens in the growing crypto space. 

“Most of Galaxy’s growth over the last seven years was internally funded with investing profits or trading profits, and so there was a regulator on how fast we could grow,”…

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