In this week’s roundup, we look at the latest earnings from Galaxy Digital, the launch of Bybit wealth management, Bitstamp’s plan in derivatives and CME’s trading activities in July.
Galaxy Digital, one of the largest crypto derivatives manufacturers, has posted a US$46m net loss for the second quarter of the year, a rebound from the US$544m net loss in the prior year quarter. Galaxy's operating businesses performed well in the second quarter against a backdrop of continued uncertainty and regulatory pressure - Michael Novogratz, Galaxy However, compared to Q1 2023 when net income came to US$134.2m, it was a significant loss, primarily driven by lower net realised
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