Galaxy Digital stock (CA36116Y1007): launches OTC prediction markets service for institutions

Galaxy Digital shares trade on Nasdaq in the United States as the company rolls out a new over-the-counter prediction markets offering for institutional clients, expanding its digital asset trading toolkit.

Galaxy Digital, whose shares trade on Nasdaq under the ticker GLXY, has introduced a new over-the-counter prediction markets trading service aimed at institutional clients, adding another specialized product to its United States-centered digital asset platform.

On 06/02/2026, the company announced that its Global Markets desk is now offering OTC prediction markets trades designed for hedge funds, family offices, proprietary trading firms, and other professional investors, according to a press release from Galaxy as of 06/02/2026.

The new service is structured to allow institutional counterparties to take positions on a range of event-driven outcomes in a bilateral OTC format, while Galaxy Digital acts as the liquidity provider and risk manager, as highlighted in the companys launch communication on 06/02/2026.

By routing these contracts through its Global Markets desk, Galaxy Digital aims to offer larger trade sizes and more customized payoff structures than what is typically available on exchange-traded prediction platforms, based on the description in the 06/02/2026 product announcement.

In its home market of Canada, Galaxy Digital is also listed on the Toronto Stock Exchange under the symbol GLXY, but investors in the United States primarily track the stock via its Nasdaq listing and corresponding trading in USD.

The stock last closed at USD 30.81 on Nasdaq on 06/01/2026, up 4.16 percent for that session, according to price data reported by MarketBeat as of 06/02/2026, providing a reference point for the stocks level ahead of the prediction markets launch.

The same data source indicated that Galaxy Digital was quoted at USD 30.25 in extended trading on 06/02/2026, reflecting modest after-hours activity in the name shortly before the new OTC offering was publicized.

In Germany, Galaxy Digital is also available to investors via off-exchange venues such as Tradegate, where the stock can be traded in EUR during extended hours, offering an additional access route for European retail traders who follow digital asset-focused financials.

Management positioned the OTC prediction markets initiative as part of a broader effort to deepen relationships with institutional clients that are seeking exposure to event-driven strategies within the digital asset ecosystem.

The launch builds on Galaxy Digitals existing institutional trading and financing services, which include spot crypto trading, derivatives, structured products, and access to its GalaxyOne platform for integrated custody and execution, as described on the companys product pages.

According to the 06/02/2026 press material, the new service is initially being rolled out to a select group of clients that already trade with Galaxy Digitals Global Markets desk, with the expectation that coverage will be broadened as liquidity and demand build over time.

The company emphasized that the OTC format is intended to provide discretion and flexibility for institutional clients that prefer not to disclose their positions or strategies on public order books, particularly when trading larger sizes.

From a regulatory perspective, Galaxy Digital noted in its communication that the offering will comply with applicable US and Canadian rules for derivatives and over-the-counter contracts, though detailed jurisdiction-specific disclosures remain available through the companys legal and compliance documentation.

While the firm has not provided immediate revenue guidance tied specifically to the prediction markets product, the move fits into its strategy of monetizing its market-making capabilities and balance sheet through specialized trading solutions.

As of 06/02/2026, Galaxy Digital continues to describe itself as a global leader in digital assets and data center infrastructure, serving institutional and professional clients through trading, asset management, mining, and related financial services, according to its corporate overview on Galaxy as of 06/02/2026.

For investors observing developments from Europe, the combination of a Nasdaq listing and German trading venues means that Galaxy Digital is accessible across multiple time zones, although liquidity and spreads can differ significantly between the United States and secondary markets.

MarketBeat data as of 06/02/2026 also indicate that Galaxy Digital has been loss-making on a trailing twelve-month basis, with negative earnings per share, which underscores that growth initiatives like the new prediction markets desk are being introduced against a backdrop of evolving profitability.

Nevertheless, the company has communicated an ambition to leverage its cross-business capabilities, combining trading, lending, asset management, and infrastructure to capture a larger portion of institutional activity in the digital asset space.

By adding OTC prediction markets to its Global Markets franchise, Galaxy Digital is signaling that it sees further institutionalization of event-driven trading in crypto-linked products and wants to position itself as a go-to counterparty for these strategies.

As of: 06/03/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: GLXY
• Sector/industry: Digital asset financial services and capital markets
• Headquarters/country: New York, United States
• Core markets: United States, Canada, and other institutional crypto hubs
• Key revenue drivers: Trading and market making in digital assets, asset management fees, and infrastructure-related income
• Home exchange/listing venue: Nasdaq (GLXY)
• Trading currency: USD

Galaxy Digital: core business model

Galaxy Digital operates as a diversified digital asset financial group that combines trading, asset management, and data center infrastructure to serve institutional and professional investors across the crypto and blockchain ecosystem.

Galaxy Digital in peer comparison

Given the digital asset focus and institutional orientation, Galaxy Digital is often discussed alongside firms such as Coinbase Global and MicroStrategy, which also provide vehicles for exposure to crypto-related themes through equity markets.

Coinbase Global, listed on Nasdaq, generated USD 1.64 billion in net revenue for Q1 2026 according to its 05/02/2026 shareholder letter, highlighting the scale of exchange-based transaction and subscription income compared with Galaxy Digitals more diversified trading and services model.

MicroStrategy, another prominent US-listed name associated with Bitcoin holdings, reported digital asset holdings valued in the tens of billions of USD as of its Q1 2026 report on 04/29/2026, underlining its role as an indirectly crypto-linked equity peer even though its core business is enterprise software.

Unlike Coinbase, which primarily operates a retail and institutional exchange platform, or MicroStrategy, whose equity performance is closely tied to the value of its Bitcoin holdings, Galaxy Digital positions itself as an institutional trading, investment, and infrastructure partner, spanning multiple profit centers.

Conclusion

The rollout of OTC prediction markets via Galaxy Digitals Global Markets desk adds a fresh institutional-focused product line to the companys United States-centered trading franchise and illustrates how it is attempting to broaden its digital asset toolkit.

Set alongside peers such as Coinbase and MicroStrategy, the move underscores Galaxy Digitals strategy of differentiating itself through bespoke trading and infrastructure services rather than relying solely on exchange fees or balance-sheet exposure to crypto prices.

How effectively the firm converts this new offering into meaningful trading volumes and fee income will be an important datapoint for investors monitoring its path toward more stable profitability in a still-volatile digital asset market.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.