Galaxy Digital plans to open a San Francisco office

Startups • September 19, 2019, 11:25AM EDT
The Block

Galaxy Digital plans to open a new office in San Francisco, founder and CEO Mike Novogratz told The Block in a recent episode of The Scoop. The cryptocurrency firm is headquartered in New York City, with offices in Tokyo, Hong Kong, London, Vancouver, and New Jersey, but it has yet to open a California branch.

When asked how Galaxy Digital plans to compete for deals in the blockchain ecosystem, Novogratz said "the locus of a lot of the space has moved back to San Francisco" and that he wants to start an office in the Golden Gate City.

"We’re still getting good deal flow now...but I think being in San Francisco will help as well," Novogratz said. "If you’re a merchant bank and you want to provide service to customers, being close to your customer helps. I want to do the trading for Pantera and Polychain and the rest of the guys."

AUTHOR

Steven Zheng profile picture Steven Zheng

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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