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Crypto Financial-Services Firm Galaxy Digital Hires Andrew Lace for Its London Trading Division
The firm has been hiring aggressively despite concerns of a crypto winter.
Galaxy Digital (GLXY.TO), the cryptocurrency-focused financial services firm run by Michael Novogratz, named Andrew Lace as vice president of institutional sales in its trading division, a company representative told CoinDesk.
Lace joins the London team from Elwood Technologies, the digital assets trading firm owned by Brevan Howard co-founder Alan Howard, where he was a sales director. He previously worked for Refinitiv and Thomson Reuters.
STORY CONTINUES BELOW
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Galaxy has been hiring aggressively, even as the crypto market slides in what’s being called a crypto winter. Bitcoin (BTC), the largest cryptocurrency by market cap, has lost about 60% of its value this year and the total crypto market cap is around $980 billion, down from about $1.9 trillion at the start of the year.
Galaxy Digital said it plans to finish the year with over 400 employees, compared with fewer than 300 at the start of 2022.
Read more: Three Execs Leave JPMorgan This Week to Join Crypto Firms
Will Canny
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
