The crypto-focused financial firm takes aim at Robinhood and Kraken with a hybrid investment app.
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).
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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