GalaxyOne Launches to Compete with Major Trading Platforms
- Galaxy Digital has launched GalaxyOne, a platform for individual investors, competing with platforms like Kraken and Robinhood.
- The service offers an “8% APY” premium yield product exclusively for accredited investors, which includes approximately 12.6% of Americans.
- GalaxyOne also provides a “4% APY” through GalaxyOne Cash, available without accreditation restrictions and backed by FDIC-insured accounts via Cross River Bank.
- The platform supports trading on three digital assets—Bitcoin, Ethereum, and Solana—and offers commission-free brokerage access to thousands of U.S.-listed stocks and ETFs.
- GalaxyOne stems from Galaxy’s acquisition of the retail-focused financial application Fierce for $12.5 million last year.
Galaxy Digital aims to bridge the gap between institutional finance and individual investors through its new platform, GalaxyOne, offering competitive yields and limited asset trading options to attract accredited investors while ensuring FDIC-backed security for broader user engagement.
With its launch of GalaxyOne, Galaxy Digital is positioning itself against established trading platforms by offering unique products like an “8% APY” yield for accredited investors and “4% APY” cash deposits backed by FDIC insurance (Source).
