Why did Galaxy decide to cancel the billion dollar acquisition of BitGo in the world of cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  Galaxy decided to cancel the acquisition of BitGo due to concerns about regulatory challenges in the cryptocurrency industry. With the increasing scrutiny and uncertainty surrounding cryptocurrency regulations, Galaxy felt that the potential risks outweighed the benefits of the acquisition. Additionally, Galaxy may have identified potential legal and compliance issues that could have arisen from the acquisition, leading to their decision to cancel the deal.
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• Nov 26, 2021 · 3 years ago
  The cancellation of the billion dollar acquisition of BitGo by Galaxy in the world of cryptocurrencies was likely influenced by market conditions. The volatile nature of the cryptocurrency market and the recent fluctuations in prices may have made Galaxy reconsider the acquisition. The potential risks associated with investing such a large sum of money in a rapidly changing market could have led to their decision to cancel the deal and reassess their investment strategy.
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• Nov 26, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can provide some insights into why Galaxy decided to cancel the billion dollar acquisition of BitGo. One possible reason could be the potential conflicts of interest that could arise from the acquisition. Galaxy may have identified certain risks or concerns related to BitGo's operations or management that made them reconsider the deal. Additionally, regulatory challenges and the evolving landscape of the cryptocurrency industry could have played a role in their decision. It's important to note that acquisitions in the cryptocurrency world are complex and involve various factors that can influence the outcome.
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