According to ChainCatcher, citing CNBC, Galaxy Digital CEO Mike Novogratz stated in a CNBC interview that the company's Nasdaq listing process was extremely challenging, feeling "un-American, unfair, and infuriating". A process originally expected to take 45 to 90 days was extended to 1,320 days, with nine rounds of consultations with the U.S. Securities and Exchange Commission.
However, this ordeal did not defeat Galaxy, but instead made it stronger. After listing on Nasdaq, Galaxy is expected to reduce its expenses by 40%. Mike Novogratz emphasized that Galaxy Digital's goal is to serve as a bridge connecting traditional finance and the crypto world, meeting the growing institutional demands.
