Galaxy Digital’s Nasdaq Listing Signals Growing Crypto Acceptance Amid SEC Shift

Galaxy Digital Holdings Ltd. is on the verge of a major milestone as it prepares to list on the Nasdaq Global Select Market, a move that underscores the increasing acceptance of cryptocurrency firms in traditional financial markets. This development follows years of regulatory hurdles and reflects a shifting stance by the U.S. Securities and Exchange Commission (SEC). The SEC has declared Galaxy’s registration statement effective, clearing a critical path for its public listing. Shareholders are scheduled to vote on May 9 on a proposed reorganization into a new Delaware-based holding company, which, if approved, could finalize the listing process in the coming weeks. This event is seen as part of a broader trend of crypto firms gaining traction in public markets, signaling evolving regulatory attitudes and growing investor confidence in the sector.

Galaxy’s Imminent US Listing Reflects SEC Change

Galaxy Digital Holdings Ltd. is poised to list on the Nasdaq Global Select market in the coming weeks, marking the end of a years-long process and maintaining momentum for crypto firms to go public. The U.S. Securities and Exchange Commission (SEC) has declared the company’s registration statement effective, and Galaxy’s shareholders are set to vote on the reorganization into a new Delaware holding company on May 9. If approved, the listing could be completed by the end of Q2. Galaxy, listed in Canada since 2018, will continue to trade on the Toronto Stock Exchange.

El Salvador Grants Freedx DASP License

Top centralized crypto exchange, Freedx, has been granted a Digital Asset Service Provider (DASP) license by El Salvador’s Comisión Nacional de Activos Digitales (CNAD). This marks a significant milestone for the platform, positioning it as a committed player in providing accountable and trustworthy crypto services. The approval comes as a result of El Salvador’s commitment to crypto-friendly policies, starting with the recognition of Bitcoin as legal tender in 2021 and followed by the enactment of the Digital Assets Law in 2023. Since then, key industry players such as Tether, Binance, and Freedx have been drawn to the country, which has positioned itself as a global hub for digital assets. Juan Carlos Reyes, President of CNAD, commented positively on the development.