The firm has been hiring aggressively despite concerns of a crypto winter.
Galaxy Digital (GLXY), the cryptocurrency-focused financial services firm run by Michael Novogratz, named Andrew Lace as vice president of institutional sales in its trading division, a company representative told CoinDesk.
Lace joins the London team from Elwood Technologies, the digital assets trading firm owned by Brevan Howard co-founder Alan Howard, where he was a sales director. He previously worked for Refinitiv and Thomson Reuters.
The New York-based firm has been hiring aggressively, even as the crypto market slides in what’s being called a crypto winter. Bitcoin, the largest cryptocurrency by market cap, has lost about 60% of its value this year and the total crypto market cap is around $980 billion, down from about $1.9 trillion at the start of the year.
Galaxy Digital said it plans to finish the year with over 400 employees, compared with fewer than 300 at the start of 2022.
This article was originally published on coindesk.com