Robinhood Faces New Rival as Galaxy Digital Launches Retail Trading Service ⋅ Crypto World Echo
Galaxy Digital took a major step into the retailinvestment market by launching a new trading platform offeringcommission-free trading of over 2,000 stocks and ETFs alongside majorcryptocurrencies like Bitcoin and Ethereum.
The launch of GalaxyOne energized the market, drivingGalaxy’s shares up by 7-8%. The firm seeks to compete with Robinhood andCoinbase while standing out by offering attractive yields on cash deposits.
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Integrated Trading and Yield Products
According to the company, GalaxyOne merges traditional equity trading and cryptoinvesting with yield-bearing cash accounts. Retail investors can reportedly earn 4% annualpercentage yield (APY) on FDIC-insured deposits, while accredited investorsgain access to an 8% APY investment note requiring a minimum commitment of $25,000.
“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors. Now, we’re extending that edge to individuals,” commented Mike Novogratz, Founder and CEO of Galaxy. “Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments.”
This strategy leverages Galaxy Digital’s institutionallending business that manages over $1.1 billion in loans, providing a stablefoundation for competitive returns.
GalaxyOne challenges established retail platforms likeRobinhood and eToro by focusing initially on affluent, accredited investors. ZacPrince, the app’s Managing Director, said the app currently targets this niche rather than trying to confront Robinhood’s broader user base directly.
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. pic.twitter.com/uhhhTEpxgh
— Zac Prince (@GalaxyOneZac) October 6, 2025
At the same time, Prince acknowledged GalaxyOnecompetes for attention in a saturated market filled with both decentralizedfinance and traditional fintech apps.
Market Reaction and Outlook
One of GalaxyOne’s highlights is its automatedreinvestment of earnings into cryptocurrency or cash, designed to simplifycompound growth for investors. The platform is available on iOS, Android, andweb, and plans are underway to expand features, including business accounts, crypto staking,and enhanced lending products.
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Galaxy Digital’s stock price has more than doubledsince its Nasdaq debut earlier this year. Industry analysts like CantorFitzgerald have noted the firm’s expansion into retail services as a savvymove, setting a price target implying further gains.
As cryptocurrencies like Bitcoin reached record highsrecently, platforms blending crypto and traditional finance with attractiveyields may well redefine retail investing landscapes in the near future.
This article was written by Jared Kirui at www.financemagnates.com.
