Galaxy secures New York BitLicense to expand institutional crypto services
Galaxy Digital has received a BitLicense from the New York State Department of Financial Services, allowing it to provide regulated digital asset services to institutions in New York. This approval enables registered investment advisors, hedge funds, and family offices to access Galaxy's trading and custody services. Despite this regulatory advancement, Galaxy's shares fell by 7% on the same day.
- ▪Galaxy Digital has been granted a BitLicense and Money Transmission License by the New York State Department of Financial Services.
- ▪The approval allows Galaxy to offer regulated trading and custody services to institutions across New York.
- ▪Galaxy's business is supported by a digital asset platform managing $9 billion in client assets.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18152231/9cb12171-b983-4c24-bd58-c8152f5194ed-800x420.jpg" alt="Galaxy secures New York BitLicense to expand institutional crypto services" class="w-full aspect-[19/10] object-cover" /> Galaxy secures New York BitLicense to expand institutional crypto services The approval lets Galaxy offer regulated trading and custody services to New York institutions as GLXY shares fell 7% on Monday afternoon. Share Add us on Google by Estefano Gomez May. 18, 2026 Galaxy Digital said Monday that the New York State Department of Financial Services granted GalaxyOne Prime NY a BitLicense and Money Transmission License, authorizing the company to offer regulated digital asset services to institutions across New York.
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