Crypto investment firm Galaxy Digital is stepping into the retail trading space. The firm announced Monday it will launch GalaxyOne, a new platform that merges cryptocurrency and traditional equity trading.
The move positions Galaxy Digital to compete with established players like Robinhood and Kraken, as the firm seeks to bridge the gap between institutional and individual investors.
Reportedly, GalaxyOne will cater to both accredited and retail investors through a dedicated mobile app, offering commission-free access to thousands of U.S.-listed stocks and exchange-traded funds (ETFs), as well as trading in three major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
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The platform introduces two yield-bearing products. Accredited investors can earn up to 8% APY on premium yield accounts, while all users can access 4% APY through “GalaxyOne Cash,” a high-yield cash deposit product backed by FDIC-insured accounts via Cross River Bank.
GalaxyOne is part of Galaxy Digital’s broader retail expansion strategy following its 2023 acquisition of Fierce, a mobile finance app purchased for $12.5 million.
Why this matters
Galaxy Digital’s launch of GalaxyOne reflects the growing integration of traditional finance and crypto services under regulated frameworks. The move could expand investor access to hybrid financial products and increase competition in the U.S. retail trading market.
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People Also Ask:
Galaxy Digital is a global financial services firm focused on digital assets, cryptocurrencies, and blockchain technology. The company provides trading, asset management, investment banking, and mining services to institutional and accredited investors.
GalaxyOne is Galaxy Digital’s new trading platform that combines cryptocurrency and traditional stock trading in a single mobile app. It offers access to U.S.-listed equities, ETFs, and major cryptocurrencies like Bitcoin, Ethereum, and Solana.
Unlike many crypto exchanges, GalaxyOne integrates traditional finance features such as FDIC-insured cash accounts through Cross River Bank, along with competitive yields and commission-free stock trading.
GalaxyOne’s banking services are provided through Cross River Bank, ensuring FDIC insurance for eligible cash accounts. Crypto trading, however, remains under standard digital asset risk conditions.
GalaxyOne offers two yield options: up to 8% APY for accredited investors through premium yield accounts, and 4% APY for all users through “GalaxyOne Cash,” which is FDIC-insured.
