Galaxy Digital Enters Retail Crypto Finance with GalaxyOne Launch

Galaxy Digital has officially entered the retail finance market with the launch of GalaxyOne. This new platform is designed to bring traditional banking and digital assets together. The app allows users to save, trade, and invest easily, marking Galaxy’s first major move from serving big institutions to individual users.

Galaxy Digital Introduces All-in-One Platform for Everyday Investors

GalaxyOne includes a 4% cash account along with secure crypto storage and trading features. It also provides access to over 2,000 U.S. equities, stocks, and exchange-traded funds (ETFs), all with zero trading commissions.

GalaxyOne also supports fractional share trading, allowing users to invest in high-value stocks without needing large amounts of money. At launch, users across the United States who meet standard Know-Your-Customer (KYC) checks can buy, hold, and transfer popular cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Paxos Gold (PAXG).

In a recent interview, a Galaxy spokesperson said that the company plans to add more digital tokens in the future. Users will have complete control of their crypto and can move their assets in or out of the platform whenever they want.

High-Yield Investment Option for Accredited Users

Beyond basic savings and trading, GalaxyOne offers Galaxy Premium Yield, a high-income investment product with an 8% annual percentage yield (APY). However, this option is only open to accredited U.S. investors who meet specific income or net worth requirements.

The yield is backed by Galaxy’s institutional lending business, giving users access to professional-grade investment opportunities. However, unlike the 4% cash account, this product is not insured by the FDIC, meaning it carries a higher level of risk.

With this move, Galaxy joins the ranks of well-known fintech platforms like Robinhood, Nasdaq-listed firm eToro, and Cash App, all of which combine traditional investing with access to cryptocurrencies. 

Expanding from Institutional Strength to Retail Reach

Galaxy Digital has long been known as a leader in institutional finance and digital asset management. With GalaxyOne, the company is now using that same strong infrastructure to reach everyday investors. In a recent statement, Mike Novogratz, CEO and founder of Galaxy Digital, said the company built top-tier infrastructure for major investors and is now bringing it to individuals. 

Galaxy also underscored its growing presence in the crypto market. Last month, the company purchased $306 million worth of Solana in a single day, showing continued confidence in digital assets. Furthermore, it is also worth noting that GalaxyOne was first developed as Fierce, an innovative finance app. 

Galaxy later acquired it in December 2024 for $12.5 million, according to the company’s financial report. After the acquisition, Fierce’s former CEO, Rob Cornish, became Galaxy’s CTO. Cornish and his original team continued to build and improve the platform under the new GalaxyOne name. This acquisition allowed Galaxy to enter the retail market quickly, using an already tested consumer-focused platform.

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