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Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch

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Galaxy Digital has formally launched GalaxyOne, a new buying and selling platform that mixes crypto, inventory, and money administration instruments for U.S. buyers. The app introduces high-yield financial savings and funding choices, together with an 8% annual proportion yield (APY) reserved for accredited buyers.

According to the corporate, GalaxyOne is designed to carry its institutional-grade infrastructure to retail customers. The platform provides 4% APY on FDIC-insured money deposits and eight% APY on Galaxy Premium Yield Notes, powered by the agency’s $1.1 billion institutional lending desk.

Galaxy stated the returns are backed by its steadiness sheet and lending operations, not by promotional or short-term charges.

GalaxyOne Launch Puts Galaxy Digital in Direct Competition With Mainstream Trading Apps

At launch, GalaxyOne permits customers to commerce Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Paxos Gold (PAXG), with extra digital property anticipated to be added quickly. It additionally provides commission-free buying and selling for over 2,000 U.S.-listed shares and ETFs, increasing Galaxy’s presence past the crypto market.

CEO Mike Novogratz described the transfer as a main step in extending Galaxy’s institutional experience to retail buyers. “We’re bringing the infrastructure that powers establishments on to people,” Novogratz stated.

The platform’s design emphasizes integration between money, crypto, and equities. Users can routinely reinvest their earnings from financial savings into supported digital property, permitting compound development with out guide transfers.

Galaxy stated the objective is to create a single setting the place customers can handle yield, buying and selling, and portfolio development collectively.

GalaxyOne originated from Fierce, a cellular finance app that Galaxy acquired in December 2024 for $12.5 million. The acquisition introduced in Fierce’s unique improvement workforce, led by former CEO Rob Cornish, who now serves as Galaxy’s Chief Technology Officer.

The firm stated the app’s infrastructure and design ideas have been re-engineered to align with Galaxy’s broader monetary and digital asset capabilities.

Zac Prince, head of GalaxyOne, stated the launch seeks to unravel a long-standing drawback for retail buyers: fragmented instruments and inconsistent yields. “Investors have been provided platforms that promise integration however ship silos,” Prince stated in a launch assertion. “GalaxyOne was constructed to alter that.”

The rollout additionally marks Galaxy’s entry into the retail funding market, putting it in direct competitors with Robinhood, eToro, and Cash App, which already provide hybrid buying and selling experiences.

GalaxyOne stated the appliance is obtainable on iOS, Android, and the online, with a roadmap that features enterprise accounts, staking options for property like Solana, and new brokerage and lending merchandise.

Galaxy Digital Pushes Tokenized Shares and Institutional Growth Amid Strong 2025 Expansion

Galaxy Digital has continued its enlargement into blockchain-based finance with a sequence of strategic milestones throughout 2025, together with its Nasdaq debut, new tokenization initiatives, and rising institutional providers.

In September, the firm unveiled “tokenized GLXY,” permitting holders of its SEC-registered Class A typical inventory to transform shares into tokens on Solana through Superstate, its digital switch agent.

Each tokenized GLXY represents a legally equal share, marking the primary time a U.S.-listed fairness has been made obtainable natively on a public blockchain. Only verified buyers can maintain the tokens, preserving compliance with Know Your Customer and anti-money-laundering necessities.

The transfer follows an August SEC filing revealing Galaxy’s plans to explore tokenizing its fairness as a part of a broader technique to combine blockchain rails into conventional markets.

CEO Mike Novogratz stated the initiative may open new pathways for DeFi functions resembling lending and buying and selling.

Earlier within the 12 months, Galaxy strengthened its institutional staking enterprise through a July integration with crypto custodian Fireblocks.

The partnership permits greater than 2,000 monetary establishments to entry Galaxy’s $3.15 billion staking platform instantly from their custody vaults, increasing the agency’s infrastructure footprint.

In June, Galaxy Asset Management closed its $175 million Galaxy Ventures Fund I, surpassing its goal to again early-stage startups in tokenization, stablecoins, and fee infrastructure. The fund has already invested in initiatives resembling Monad, Ethena, and Rail.

Galaxy’s Nasdaq itemizing in May capped off a transformative first half. The agency reported $9.1 billion in assets for Q2, up 43% from the earlier quarter, and a web revenue of $30.7 million, recovering from a Q1 loss.

Despite earnings volatility, Galaxy recorded report digital asset operations in July and continues to develop its Helios information middle, with CoreWeave committing to the total 800-megawatt capability.

The publish Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch appeared first on Cryptonews.

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