Galaxy Digital buys custody platform GK8 from bankrupt Celsius

time:2022-12-02 09:22 source:Internet

Mike Novogratz’s company Galaxy Digital has won an auction to buy the GK8 custodial platform from bankrupt Celsius Network.Terms of the deal were not disclosed. However, Galaxy co-president Chris Ferraro said the firm bought the assets for significantly less than Celsius.Celsius bought the site last year for $115 million.The company said the purchase of GK8 would help in expanding Galaxy’s core brokerage offerings.
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