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Galaxy Stock Jumps on 140% Trading Volume Increase in Q3
Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform. The New York-based firm, which debuted GalaxyOne this month, is positioning itself as a competitor to retail-focused platforms like Robinhood and Coinbase, and it said that its platform reached a record $17 billion in assets in the third quarter, up 70% quarter-over-quarter. Galaxy shares surged to $46 when markets opened on Monday, according to Yahoo Finance. Shares were more recently changing hands around $43, an 8.3% increase on the day. ... (full story)
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