Galaxy Digital CEO: The Nasdaq listing process has been bumpy, with the timeline extended by 1,320 days

ChainCatcher news, according to CNBC, Galaxy Digital CEO Mike Novogratz stated in an interview with CNBC that the company's process of going public on Nasdaq was very bumpy, "feeling very un-American, unfair, and frustrating." The process, which was originally expected to take 45 to 90 days, was extended to 1320 days, with nine rounds of discussions with the U.S. Securities and Exchange Commission.

However, this ordeal did not defeat Galaxy; instead, it made it stronger. After going public on Nasdaq, Galaxy expects its costs to decrease by 40%. Mike Novogratz emphasized that Galaxy Digital's goal is to become a bridge connecting traditional finance and the crypto world, meeting the growing institutional demand.