Bitcoin News Update: Galaxy Enhances Staking Platform as Institutions Turn to Bitcoin During Altcoin Market Volatility

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Bitcoin News Update: Galaxy Enhances Staking Platform as Institutions Turn to Bitcoin During Altcoin Market Volatility

Bitget-RWA2025/11/01 01:02

By:Bitget-RWA

- Galaxy Digital expands staking infrastructure with Coinbase Prime, its fourth custodial partner in 2025, aiming to lead institutional crypto solutions. - Jump Crypto's $205M Solana-to-Bitcoin swap via Galaxy highlights institutions shifting to Bitcoin amid altcoin volatility and ETF underperformance. - Galaxy's $443M staked assets and Texas data center expansion reflect growing institutional demand for crypto custody amid regulatory and liquidity challenges.

Galaxy Digital Inc. (Nasdaq/TSX: GLXY) has broadened its institutional staking platform by integrating with Coinbase Prime, marking its fourth custodial alliance for 2025. This latest partnership follows previous agreements with Fireblocks, Zodia Custody, and BitGo, highlighting Galaxy's commitment to establishing itself as a top provider of robust and scalable solutions for institutional investors, as reported by

MarketScreener

. This integration leverages GK8, Galaxy’s institutional-grade self-custody platform, designed to simplify staking access for major investors. As of September 30, 2025, Galaxy managed $443 million in staked assets, tapping into the rising interest in blockchain-based yield opportunities during a broader downturn in the crypto market, according to MarketScreener.

At the same time, Galaxy’s involvement in facilitating significant token transfers has come under the spotlight. Blockchain data shows that Jump Crypto, a prominent digital asset trading company, moved 1.1 million

Solana

(SOL) tokens—worth $205 million—over to

Galaxy Digital

. In return, Jump acquired about 2,455

Bitcoin

(BTC), valued at $265 million, indicating a strategic shift from Solana to Bitcoin, according to

CoinDesk

. This exchange took place as Solana’s price dropped by 8% in a single day, wiping out its gains for the year and illustrating the vulnerability of alternative cryptocurrencies following disappointing spot ETF launches, CoinDesk noted. Experts believe Jump’s decision signals a wider movement among institutions toward Bitcoin’s relative stability, despite ongoing regulatory ambiguity.

Bitcoin News Update: Galaxy Enhances Staking Platform as Institutions Turn to Bitcoin During Altcoin Market Volatility image 0

Galaxy’s growing infrastructure supports its dual emphasis on digital assets and data center expansion. The company’s Helios campus in Texas, with 800 MW of capacity and an additional 2.7 GW under evaluation, positions Galaxy as a significant contributor to AI and high-performance computing power, according to MarketScreener. This approach to diversification comes as institutional appetite for crypto custody and staking continues to rise, with Galaxy noting a 20% increase in institutional client onboarding year-over-year. Nevertheless, the recent swings in Solana and other alternative coins highlight the ongoing difficulties of fostering innovation while maintaining market stability in an industry still facing regulatory and liquidity challenges, as CoinDesk emphasized.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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