DeFi Technologies to buy Stillman Digital in an all-stock deal, boosting trading capabilities and potentially transforming into a smaller Galaxy Digital.
On July 9, DeFi Technologies agreed to buy trading desk Stillman Digital in an all-stock deal that analysts say will transform the Canadian crypto platform into “a smaller version of Galaxy Digital.”
“The resulting DeFi platform, which would combine crypto asset management, execution trading, and proprietary trading, would be akin to a smaller version of Galaxy Digital, in our view, as it would include variations on Galaxy’s product offerings,” Mark Palmer, an equity research analyst at The Benchmark Company, told Cointelegraph in an email.
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