Galaxy Digital's Nasdaq Listing Process Faces Challenges, CEO Novogratz Comments

According to Odaily, Galaxy Digital CEO Mike Novogratz expressed frustration over the company's prolonged Nasdaq listing process during an interview with CNBC. Novogratz described the experience as "un-American, unfair, and infuriating," noting that what was supposed to be a 45 to 90-day procedure extended to 1,320 days. The transaction involved nine rounds of negotiations with the U.S. Securities and Exchange Commission. Despite these challenges, Galaxy Digital emerged stronger from the ordeal. Following its Nasdaq listing, the company anticipates a 40% reduction in fees. Novogratz emphasized that Galaxy Digital aims to serve as a bridge between traditional finance and the crypto world, addressing the growing institutional demand.