Galaxy has obtained a New York BitLicense and will provide digital asset services locally

Galaxy Digital announced that it has obtained the BitLicense and money transmitter license approved by the New York State Department of Financial Services, allowing it to provide digital asset services in New York State.

This license applies to its subsidiary Galaxy One Prime NY, which will offer trading and custody services to residents, institutions, and businesses in New York. Galaxy stated that New York has the deepest institutional capital pool in the United States, and digital assets are gradually entering the mainstream allocation range. With this approval, the company will be able to serve its institutional clients in New York more directly.