Galaxy Digital saw $272.6M loss in 2018

Crypto merchant bank Galaxy Digital has posted a $273 million loss in 2018 according to its annual filing.

The news comes after a difficult 12 months for Galaxy, which operates an over-the-counter trading desk in crypto as well as an investment and venture capital arm. The firm's Q1 filing last year showed $13.5 million in realized losses in the firm’s trading business and another $88.5 million in paper losses related to crypto, amid the price plunge at the start of 2018. It was also subpoenaed by US regulators, according to sources familiar with the situation and later shut down its ICO advisory business and an office in Vancouver Canada, as The Block previously reported.

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