Galaxy Digital’s Stock Jumps by More than 7% As Crypto Financial Services Giant Rolls Out All-in-One Trading App to Compete with Robinhood
The crypto financial services giant Galaxy Digital is now in direct competition with the retail trading powerhouse Robinhood.
On Monday, Mike Novogratz’s firm rolled out “GalaxyOne,” a new all-in-one platform that offers individual investors crypto and equities trading and yields on cash.
Galaxy notes that accredited investors can access 8.00% Annual Percentage Yield (APY) through a “Premium Yield” product, while all investors can earn 4.00% APY on cash deposits.
The new platform supports more than 2,000 stocks and exchange-traded funds (ETFs), as well as Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ) and PAX Gold ( PAXG ), an Ethereum-based token backed by physical gold and issued by blockchain infrastructure platform Paxos.
Zac Prince, the head of GalaxyOne, says the platform also plans to add business accounts and crypto staking in the future.
“For too long, individual investors have been stuck with fragmented, underpowered tools. They’ve been offered checking accounts that barely pay interest. Trading platforms with no connection to the rest of their financial lives. So-called all-in-one apps that promise integration but deliver silos, over-gamification, and unnecessary market noise. That’s the gap we aim to close.”
Galaxy Digital’s stock, GLXY, is up 7.58% on Monday at time of writing. The stock is also up 13.64% in the past five days and more than 60% in the past month.
Featured Image: Shutterstock/Space creator/Natalia Siiatovskaia
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin News Today: Dogecoin ETF Breakthrough: Transitioning from Internet Meme to a Mainstream Investment Option
- Bitwise's DOGE ETF (BWOW) launches Nov 26, 2025, offering regulated DOGE exposure with 0.34% fee. - Dogecoin ranks 9th at $22B market cap, with $1B+ daily volume, driven by institutional adoption and SEC approval shifts. - ETF structure holds actual DOGE, aligning with Bitwise CEO's vision to democratize crypto access through transparency. - Grayscale's Zcash ETF filing and Mutuum Finance's $19M presale highlight growing altcoin institutional interest. - DOGE trades at $0.1503, consolidating in $0.13–$0.
Regulation and Innovation: SEC Examines Nasdaq’s Proposal for Tokenized Stocks
- Nasdaq seeks SEC approval for tokenized stock trading framework, aiming to modernize settlement while aligning with existing regulations. - The proposal shares CUSIPs and rights between tokenized/traditional shares but faces criticism over potential market fragmentation and investor protection risks. - SEC's cautious approach and December 4 panel will determine if tokenized equities gain regulatory traction or remain niche experiments. - Industry divides persist: Nasdaq prioritizes incremental adoption w
XRP News Today: Investors Divided: XRP's $5 Buzz Compared to Ozak AI's 7,000% Growth Promise
- XRP gains traction as analysts predict $5 price targets via ETF-driven inflows, citing historical Bitcoin multipliers. - Ozak AI emerges as AI-focused crypto alternative, raising $4.54M in presale with 7,000% return potential via decentralized AI infrastructure. - Market splits between XRP's institutional appeal and Ozak AI's utility-driven innovation, highlighting crypto's shifting risk-reward dynamics. - Analysts note XRP's capped growth vs. Ozak AI's 50X-100X potential, emphasizing real-world AI appli
Between Breakthroughs and Turmoil: The Struggle for Safety and Longevity in Cryptocurrency
- Crypto sector faces structural challenges balancing innovation with security and sustainability amid rising threats and regulatory uncertainty. - Mutuum Finance advances dual-lending architecture and mtToken mechanics under Halborn audit to build defensible DeFi models. - Upbit's $36M hack and Tether's Uruguay exit highlight systemic vulnerabilities from cyberattacks and energy cost volatility. - Industry shifts toward sustainable yield models with automated collateral rules and revenue redistribution to
Trending news
MoreCrypto prices
More
