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        <link:definition>9952165 - Disclosure - VARIABLE INTEREST ENTITIES</link:definition>
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        <link:definition>9952166 - Disclosure - FAIR VALUE OPTION</link:definition>
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        <link:definition>9952169 - Disclosure - PROPERTY AND EQUIPMENT</link:definition>
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        <link:definition>9955517 - Disclosure - DIGITAL ASSET LOANS RECEIVABLE AND DIGITAL ASSETS BORROWED (Tables)</link:definition>
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        <link:definition>9955519 - Disclosure - INVESTMENTS (Tables)</link:definition>
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        <link:definition>9955521 - Disclosure - FAIR VALUE OPTION (Tables)</link:definition>
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        <link:definition>9955523 - Disclosure - LOANS RECEIVABLE (Tables)</link:definition>
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        <link:definition>9955524 - Disclosure - PROPERTY AND EQUIPMENT (Tables)</link:definition>
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        <link:definition>9955525 - Disclosure - LEASES (Tables)</link:definition>
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        <link:definition>9955526 - Disclosure - GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)</link:definition>
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      <link:roleType id="EARNINGSPERSHARETables" roleURI="http://www.galaxy.com/role/EARNINGSPERSHARETables">
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      <link:roleType id="INCOMETAXESTables" roleURI="http://www.galaxy.com/role/INCOMETAXESTables">
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="BASISOFPRESENTATIONDetails" roleURI="http://www.galaxy.com/role/BASISOFPRESENTATIONDetails">
        <link:definition>9955534 - Disclosure - BASIS OF PRESENTATION (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SIGNIFICANTACCOUNTINGPOLICIESPropertyPlantandEquipmentDetails" roleURI="http://www.galaxy.com/role/SIGNIFICANTACCOUNTINGPOLICIESPropertyPlantandEquipmentDetails">
        <link:definition>9955535 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES - Property Plant and Equipment (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="SIGNIFICANTACCOUNTINGPOLICIESIntangibleAssetsDetails" roleURI="http://www.galaxy.com/role/SIGNIFICANTACCOUNTINGPOLICIESIntangibleAssetsDetails">
        <link:definition>9955536 - Disclosure - SIGNIFICANT ACCOUNTING POLICIES - Intangible Assets (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="BUSINESSCOMBINATIONSAssetsandLiabilitiesRecognizedinRelationtoAcquisitionDetails" roleURI="http://www.galaxy.com/role/BUSINESSCOMBINATIONSAssetsandLiabilitiesRecognizedinRelationtoAcquisitionDetails">
        <link:definition>9955538 - Disclosure - BUSINESS COMBINATIONS - Assets and Liabilities Recognized in Relation to Acquisition (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="REVENUESDisaggregationofRevenueDetails" roleURI="http://www.galaxy.com/role/REVENUESDisaggregationofRevenueDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="REVENUESNarrativeDetails" roleURI="http://www.galaxy.com/role/REVENUESNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="TRANSACTIONEXPENSESDetails" roleURI="http://www.galaxy.com/role/TRANSACTIONEXPENSESDetails">
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        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETSNarrativeDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETSNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETSAdditionalDetailRelatedtotheDigitalAssetsDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETSAdditionalDetailRelatedtotheDigitalAssetsDetails">
        <link:definition>9955543 - Disclosure - DIGITAL ASSETS - Additional Detail Related to the Digital Assets (Details)</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETSHoldingsDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETSHoldingsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETSActivityDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETSActivityDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDDigitalAssetsLoanReceivableNetofAllowanceDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDDigitalAssetsLoanReceivableNetofAllowanceDetails">
        <link:definition>9955546 - Disclosure - DIGITAL ASSET LOANS RECEIVABLE AND DIGITAL ASSETS BORROWED - Digital Assets Loan Receivable, Net of Allowance (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDCollateralPayableDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDCollateralPayableDetails">
        <link:definition>9955547 - Disclosure - DIGITAL ASSET LOANS RECEIVABLE AND DIGITAL ASSETS BORROWED - Collateral Payable (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDDigitalAssetsBorrowedDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDDigitalAssetsBorrowedDetails">
        <link:definition>9955548 - Disclosure - DIGITAL ASSET LOANS RECEIVABLE AND DIGITAL ASSETS BORROWED - Digital Assets Borrowed (Details)</link:definition>
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDAssetsPostedasCollateralAssociatedwithDigitalAssetsBorrowedDetails" roleURI="http://www.galaxy.com/role/DIGITALASSETLOANSRECEIVABLEANDDIGITALASSETSBORROWEDAssetsPostedasCollateralAssociatedwithDigitalAssetsBorrowedDetails">
        <link:definition>9955549 - Disclosure - DIGITAL ASSET LOANS RECEIVABLE AND DIGITAL ASSETS BORROWED - Assets Posted as Collateral Associated with Digital Assets Borrowed (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DERIVATIVESNarrativeDetails" roleURI="http://www.galaxy.com/role/DERIVATIVESNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="DERIVATIVESScheduleofCompanysDerivativesPortfolioDetails" roleURI="http://www.galaxy.com/role/DERIVATIVESScheduleofCompanysDerivativesPortfolioDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DERIVATIVESCollateralPayableAssociatedWithDerivativePositionsDetails" roleURI="http://www.galaxy.com/role/DERIVATIVESCollateralPayableAssociatedWithDerivativePositionsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="DERIVATIVESDerivativesDesignatedasHedgingInstrumentsDetails" roleURI="http://www.galaxy.com/role/DERIVATIVESDerivativesDesignatedasHedgingInstrumentsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="DERIVATIVESDerivativesDesignatedasCashFlowHedgesAndDerivativeHedgesDetails" roleURI="http://www.galaxy.com/role/DERIVATIVESDerivativesDesignatedasCashFlowHedgesAndDerivativeHedgesDetails">
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="INVESTMENTSNarrativeDetails" roleURI="http://www.galaxy.com/role/INVESTMENTSNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="INVESTMENTSIdenticalorSimilarInvestmentsDetails" roleURI="http://www.galaxy.com/role/INVESTMENTSIdenticalorSimilarInvestmentsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="VARIABLEINTERESTENTITIESDetails" roleURI="http://www.galaxy.com/role/VARIABLEINTERESTENTITIESDetails">
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      <link:roleType id="FAIRVALUEOPTIONScheduleofFairValueOptionDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEOPTIONScheduleofFairValueOptionDetails">
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      </link:roleType>
      <link:roleType id="FAIRVALUEOPTIONScheduleofRealizedandNetChangeinUnrealizedGainsLossesDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEOPTIONScheduleofRealizedandNetChangeinUnrealizedGainsLossesDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="FAIRVALUEOPTIONNarrativeDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEOPTIONNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="FAIRVALUEMEASUREMENTSRecurringBasisatFairValueDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSRecurringBasisatFairValueDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="FAIRVALUEMEASUREMENTSNarrativeDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSNarrativeDetails">
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        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="FAIRVALUEMEASUREMENTSChangesinAssetsandLiabilitiesMeasuredandReportedatFairValueUsingLevel3InputsDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSChangesinAssetsandLiabilitiesMeasuredandReportedatFairValueUsingLevel3InputsDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="FAIRVALUEMEASUREMENTSSignificantUnobservableInputsUsedforAssetsandLiabilitiesDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSSignificantUnobservableInputsUsedforAssetsandLiabilitiesDetails">
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        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="FAIRVALUEMEASUREMENTSFinancialInstrumentsnotMeasuredatFairValueDetails" roleURI="http://www.galaxy.com/role/FAIRVALUEMEASUREMENTSFinancialInstrumentsnotMeasuredatFairValueDetails">
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      <link:roleType id="LOANSRECEIVABLEScheduleofLoansReceivableCurrentAndNonCurrentDetails" roleURI="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofLoansReceivableCurrentAndNonCurrentDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LOANSRECEIVABLEScheduleofOutstandingLoansReceivabletobeRepaidDetails" roleURI="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofOutstandingLoansReceivabletobeRepaidDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LOANSRECEIVABLEScheduleofCollateralPayableAssociatedWithLoansReceivableCurrentDetails" roleURI="http://www.galaxy.com/role/LOANSRECEIVABLEScheduleofCollateralPayableAssociatedWithLoansReceivableCurrentDetails">
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        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="LOANSRECEIVABLENarrativeDetails" roleURI="http://www.galaxy.com/role/LOANSRECEIVABLENarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="PROPERTYANDEQUIPMENTScheduleofPropertyandEquipmentnetDetails" roleURI="http://www.galaxy.com/role/PROPERTYANDEQUIPMENTScheduleofPropertyandEquipmentnetDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
      <link:roleType id="PROPERTYANDEQUIPMENTNarrativeDetails" roleURI="http://www.galaxy.com/role/PROPERTYANDEQUIPMENTNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESDeferredLeaseRevenueisRecognizedDetails" roleURI="http://www.galaxy.com/role/LEASESDeferredLeaseRevenueisRecognizedDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESNarrativeDetails" roleURI="http://www.galaxy.com/role/LEASESNarrativeDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESScheduleofSupplementalCashFlowInformationDetails" roleURI="http://www.galaxy.com/role/LEASESScheduleofSupplementalCashFlowInformationDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESScheduleofLeaseAssetsAndLiabilitiesDetails" roleURI="http://www.galaxy.com/role/LEASESScheduleofLeaseAssetsAndLiabilitiesDetails">
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType id="LEASESScheduleofFutureMinimumLeasePaymentsDetails" roleURI="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsDetails">
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        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
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      <link:roleType id="LEASESScheduleofFutureMinimumLeasePaymentsDetails_1" roleURI="http://www.galaxy.com/role/LEASESScheduleofFutureMinimumLeasePaymentsDetails_1">
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        <link:usedOn>link:calculationLink</link:usedOn>
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  <xs:element id="glxy_ImpactOfReorganizationTransactions" abstract="false" name="ImpactOfReorganizationTransactions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="glxy_NetIncomeLossAttributableToParentPostReorganization" abstract="false" name="NetIncomeLossAttributableToParentPostReorganization" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_LossOnSaleOfCryptoAssets" abstract="false" name="LossOnSaleOfCryptoAssets" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_LendingAndNetStakingNoncashIncome" abstract="false" name="LendingAndNetStakingNoncashIncome" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="glxy_NetRealizedLossOnDisposal" abstract="false" name="NetRealizedLossOnDisposal" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="glxy_NetGainsLossesFromOperations" abstract="false" name="NetGainsLossesFromOperations" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_IncreaseDecreaseInCollateralReceivablePayable" abstract="false" name="IncreaseDecreaseInCollateralReceivablePayable" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_DigitalAssetsMember" abstract="true" name="DigitalAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="glxy_TreasuryAndCorporateMember" abstract="true" name="TreasuryAndCorporateMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="glxy_CryptoAssetsMiningAndHostingCosts" abstract="false" name="CryptoAssetsMiningAndHostingCosts" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_CryptoAssetFairValueAndCost" abstract="false" name="CryptoAssetFairValueAndCost" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_CryptoAssetPercentageOfAssetsIssued" abstract="false" name="CryptoAssetPercentageOfAssetsIssued" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="glxy_CryptoAssetHeldWithThirdPartiesMember" abstract="true" name="CryptoAssetHeldWithThirdPartiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="glxy_CryptoAssetCollateralPostedWithCounterpartiesDigitalAssetAndFiatBorrowings" abstract="false" name="CryptoAssetCollateralPostedWithCounterpartiesDigitalAssetAndFiatBorrowings" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="glxy_CryptoAssetAssociatedWithDecentralizedFinanceProtocolsSupportsBorrowings" abstract="false" name="CryptoAssetAssociatedWithDecentralizedFinanceProtocolsSupportsBorrowings" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="glxy_BitcoinMember" abstract="true" name="BitcoinMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="glxy_PromissoryNoteMember" abstract="true" name="PromissoryNoteMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="glxy_CandyDigitalIncMember" abstract="true" name="CandyDigitalIncMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="glxy_ApprovedPowerCapacity" abstract="false" name="ApprovedPowerCapacity" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="dtr-types:energyItemType"/>
</xs:schema>
