Key operational highlights for Galaxy Digital Trading over the last 24 hours ended
- While processing record volumes, GDT experienced no operational or execution-related disruptions.
- Over-the-counter ("OTC") counterparty trading volumes were in excess of six times greater than the daily average volumes year to date through
April 30 th, 2021. - The GDT counterparty loan portfolio experienced zero defaults, is operating with an average collateralization of over 160%, and has no outstanding margin calls.
Additionally, Founder, Chairman and CEO
The Company cautions that the data in this press release is preliminary, unaudited, and subject to change as management completes its regular course independent audit or review of company results for regularly scheduled shareholder updates. Further, the Company may elect to provide different key operating and financial metrics in the future, given its evolving business mix. The Company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise.
About
Disclaimers
The TSX has neither approved nor disapproved the contents of this press release.
The Company listed on the TSX via TSX Sandbox, an initiative intended to facilitate listing applications that may not satisfy the original listing requirements of TSX, but due to facts or situations unique to a particular issuer otherwise warrant a listing on TSX. The TSX has exercised its discretion to waive the requirements of subsection 309(c)(i) of its manual (C$10 million in treasury resulting from public raise) which the Company did not meet and has approved the listing of the Company pursuant to TSX Sandbox. The Company's approval pursuant to TSX Sandbox was conditioned upon public filing of an Annual Information Form and prominent quarterly disclosure of digital assets and investments, which the Company has completed and agreed to continue to provide. The Company will remain listed pursuant to TSX Sandbox until such time as it has completed a twelve-month period without significant compliance issues after graduation. In addition, the Company is required to disclose the following two risk factors that were also included in the most recent Annual Information Form for the year-ended 2020: (1) The Company has limited operating history and its business lines are nascent and subject to material legal, regulatory, operational and other risks in every jurisdiction; and (2) the market price and trading volume of the Company's ordinary shares has been volatile and will likely continue to be so in response to, among other factors, market fluctuations in digital assets generally or the digital assets that the Company holds or trades.
No offering is being made by this material. This communication is provided as a general source of information and should not be considered personal, legal, accounting, tax, or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
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