Galaxy Statement on Recent Market Activity, March 14, 2023
Following a tumultuous stretch for global markets, it’s more clear than ever crypto has a vital role to play in the broader financial ecosystem. Yesterday, our trading desk saw one of its busiest days in terms of client activity and volume.
Our strong, disciplined approach to risk management allowed us to focus on what we do best: Serving the institutional crypto community. We have continued to operate business as usual, helping institutions navigate highly uncertain and volatile market conditions 24 hours a day.
At this time, we’re confident in our diversified U.S. banking relationships, with most of our deposits at a large, systemically important financial institution. All company and client assets are currently secure and accessible.
Galaxy has seen many market cycles in both crypto and TradFi. While we continue to use that experience to successfully navigate short-term downturns, we remain committed to ensuring Galaxy is positioned for the inevitable adoption of digital assets.
We look forward to sharing more on our strategy and longer-term view on our earnings call, as previously announced, on March 28.
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