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1h ago

Galaxy Digital Launches GalaxyOne, a Retail App for Crypto, Stocks and High‑Yield Cash

Built from the Fierce acquisition, the app targets accredited investors with bank-backed yields to signal a compliance-first push into retail.

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Galaxy takes on robinhood, coinbase with 4% 8% yield app; stock jumps 8%
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Overview

  • GalaxyOne debuted with a mobile app that combines crypto trading, commission-free U.S. stock and ETF brokerage, and yield-bearing cash accounts.
  • Crypto trading is initially limited to Bitcoin, Ethereum, and Solana, reflecting a blue‑chip, scope‑controlled approach.
  • The platform offers an 8% APY premium yield restricted to accredited investors alongside a 4% APY GalaxyOne Cash account described as FDIC insured via Cross River Bank.
  • Galaxy positions the service for a middle segment of wealthier individuals, noting SEC data that about 12.6% of Americans qualify as accredited investors.
  • The retail entry builds on Galaxy’s purchase of the Fierce app for $12.5 million and is framed as a direct challenge to Coinbase, Kraken, and Robinhood.