Galaxy Digital Reports $505M Profit in Q3 Driven by Trading Surge and Institutional Demand

Galaxy Digital’s third-quarter earnings were exceptionally strong, reaching a net income of $505 million. This impressive result was fueled by increased trading activity and the expansion of its asset management services, demonstrating continued interest from institutional investors in crypto-focused financial products. 📈 The company reported a surge in trading volumes, up 140% compared to the previous quarter, driven by higher spot and derivative transactions. Notably, a significant Bitcoin transaction worth over 80,000 BTC was executed on behalf of one of the company’s institutional clients, highlighting the robust nature of Galaxy’s trading operations.