- Galaxy Digital launches GalaxyOne, an app that combines commission-free U.S. equities / ETF trading, crypto access, and high-yield cash products in a unified platform.
- Accredited investors can access an 8 % APY “Premium Yield” note, while general users can earn 4 % APY on FDIC-insured cash.
- Galaxy Digital stocks soared over 7% on Monday, as the new app will take on the likes of Robinhood, Coinbase, etc.
Galaxy Digital on Monday launched GalaxyOne, a consumer-oriented trading and wealth app that merges stocks, crypto, and yield products into a single interface. It offers high-yield cash, banking, brokerage, and crypto accounts in one mobile-friendly, easy-to-use app. So, users in the U.S. can trade bitcoin, ether, Solana, and Paxos Gold, alongside more than 2,000 U.S. equities and ETFs on a commission-free basis.
Galaxy’s institutional strength, now for individuals
One standout is the GalaxyOne Cash account, which offers 4 % APY on fiat cash deposits, insured by FDIC up to $250,000. For U.S. accredited investors, the platform provides a Premium Yield investment note with 8 % APY, powered by Galaxy’s institutional lending desk. Interest from the Premium Yield product is paid monthly into the GalaxyOne Cash account. Earnings can also be auto-reinvested into supported crypto or held as cash, enabling compounding across asset classes.
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Zac Prince, Head of GalaxyOne, said in an X post, “For too long, many individual investors have been left with fragmented, gamified investment tools, low-yield accounts, and platforms that don’t truly connect the pieces of their financial lives…With @galaxyoneapp, we set out to change that.”
“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals,” said Mike Novogratz, Founder and CEO of Galaxy.
Galaxy Digital stock soars 7%
Galaxy’s foray into retail is not sudden or by accident. The core codebase stems from Fierce, a fintech super-app Galaxy acquired in December 2024. The original team now supports the platform under Galaxy’s umbrella. While GalaxyOne enters a crowded field with existing players like Robinhood, Coinbase, and SoFi, among others, its yield offerings and institutional backing may help it stand out. Markets gave the new app a thumbs up, with shares on Galaxy Digital rising close to 8% in trade on Monday.
