Financial technology firm Galaxy Digital has received approval from the Financial Conduct Authority (FCA) to operate derivatives trading within its London-based subsidiary, a move that significantly expands the company’s European footprint. The FCA license allows Galaxy Digital to broaden its investment strategies and contribute to the UK’s digital asset market growth strategy. 2025 marks a major milestone for Galaxy Digital as it leverages this approval to engage in more comprehensive trading activities across Europe. CEO Mike Novogratz highlighted the significance of this achievement, stating: ‘We’re excited to share that Galaxy has received regulatory approval from the FCA to execute derivatives trading through our London-based entity, Galaxy Digital UK Ltd. This is a notable milestone that expands our global trading operations.’ Leon Marshall, a key figure at the firm, emphasizes the importance of regulatory compliance for driving innovation and aligning with established standards, suggesting this move aligns with the UK’s stance on digital asset regulation. This expansion in services supports the UK government’s goal to create a robust regulatory environment within the crypto industry, attracting more investment and market activity. The FCA’s approval is expected to increase Galaxy Digital’s institutional trading capabilities and pave the way for its continued growth across Europe. This follows similar regulatory approvals that Coinbase has received in the UK, further signifying how clarity on regulations can boost investor confidence and contribute to a more stable market for digital assets.