Galaxy Digital: Uncertainty in Libra leads to reduced market activity

According to foreign media news today, cryptocurrency investment bank Galaxy Digital recently released its third quarter financial report. Compared to the second quarter, the company's trading business, Galaxy Digital Trading (GDT), saw a decline in transaction volume during the same period. The reduction in broad market activity can be attributed to factors such as the geopolitical and regulatory uncertainty triggered by Libra, regulatory concerns related to international exchanges, and general deleveraging. The company's third-quarter net loss was $ 68.2 million, mainly due to the fact that partner companies held Bitcoin and Ethereum, and the prices of Bitcoin and Ethereum fell during this period.