Galaxy Digital Surges to 414th in Trading Volume Despite Stock Price Dip

On June 20, 2025, Galaxy Digital (GLXY) saw a significant increase in trading volume, reaching 2.15 billion, marking a 55.14% rise from the previous day. This surge placed Galaxy Digital at the 414th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Galaxy Digital experienced a slight decline of 1.16%.

Galaxy Digital, a prominent crypto investment firm, has received approval from the US Securities and Exchange Commission (SEC) to redomicile in Delaware. This approval paves the way for the company's anticipated listing on the Nasdaq stock exchange, marking a significant milestone as crypto-native businesses increasingly integrate with traditional finance.

The relocation to Delaware is a strategic move, as the state is known for its business-friendly legal environment and regulatory framework, which is familiar to US investors. Galaxy Digital aims to begin trading on Nasdaq under the ticker symbol GLXY in mid-May, pending final approvals from the Toronto Stock Exchange and a shareholder vote scheduled for May 9.

Galaxy Digital's upcoming Nasdaq listing is part of a broader trend where crypto companies are adopting regulatory frameworks and business models characteristic of traditional finance. This shift is expected to enhance credibility and attract institutional capital, further blurring the lines between crypto-native and traditional financial institutions.