Mike Novogratz’s Galaxy receives New York BitLicense for institutional crypto push
Galaxy Digital has received a BitLicense and money transmitter license from New York regulators, enabling it to expand its institutional crypto services. This approval allows GalaxyOne Prime NY to offer regulated digital asset services to various New York-based institutions. Galaxy is the second company to secure a BitLicense in 2026, highlighting New York's selective admission of crypto firms despite industry criticisms.
- ▪Galaxy Digital has been granted a BitLicense and money transmitter license by New York regulators.
- ▪The approval allows GalaxyOne Prime NY to provide regulated crypto trading and custody services to institutions in New York.
- ▪Galaxy is the second firm to receive a BitLicense in 2026, following Strike's approval in March.
Opening excerpt (first ~120 words) tap to expand
FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMike Novogratz’s Galaxy receives New York BitLicense for institutional crypto pushGalaxy Digital became the second company this year to secure a New York BitLicense, following Strike’s approval in March.By Helene Braun|Edited by Nikhilesh De May 18, 2026, 5:01 p.m. 2 min readMake preferred on What to know: Galaxy Digital has received a BitLicense and money transmitter license from New York regulators, allowing it to expand its institutional crypto trading and custody services in the state.The approval lets GalaxyOne Prime NY offer regulated digital asset services to New York-based institutions, including hedge funds, registered investment advisers and family offices, on a platform managing about $9 billion in…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
