Galaxy Digital Strengthens Staking Presence with CryptoManufaktur Acquisition

IconCryptoNewsTerminal Staff19 Jul, 2024

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Galaxy Digital Strengthens Staking Presence with CryptoManufaktur Acquisition

Galaxy Digital, a prominent cryptocurrency financial services provider, has acquired a majority stake in blockchain node operator CryptoManufaktur, expanding its staked Ethereum (ETH) presence by 43%. The acquisition's financial details remain undisclosed. Galaxy Digital's strategic move complements its existing staking capabilities, supporting crucial aspects of the digital asset ecosystem. "We are committed to developing our staking infrastructure to empower protocols and builders," Galaxy Digital representatives stated. This acquisition aligns with Galaxy Digital's goal of becoming a leading player in the cryptocurrency industry, offering a comprehensive suite of financial services to meet the diverse needs of its clients. As the digital asset market continues to mature, Galaxy Digital's focus on staking strengthens its position as a major force in the industry.

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