Galaxy Digital CEO: As institutional participation in the US cryptocurrency market declines, Galaxy is shifting more business overseas.

According to a BlockBeats report on June 8th citing Bloomberg, Mike Novogratz, CEO of Galaxy Digital, stated that institutional investors are "not participating" in the cryptocurrency market, especially in the United States. "What we are seeing now is retail investors making small purchases every day, accumulating through applications such as Square, Robinhood, and Revolut." Novogratz also mentioned that Galaxy is shifting more business overseas, and "as investors become increasingly interested in artificial intelligence, cryptocurrencies now need to prove their usefulness."