Galaxy Digital released GalaxyOne, a phone app for retail users that merges stock trading, crypto trading and cash accounts. The cash balance earns 4.00% APY in an FDIC‑insured account and accredited users may place up to one million dollars in a separate note that pays 8.00% APY. Both rates can shift after thirty days’ notice, and the firm says the service now rivals Robinhood besides Kraken.
The app gives retail clients tools once reserved for institutions, with trades costing no commission. Cash is swept to Cross River Bank, where the FDIC protects balances up to two hundred fifty thousand dollars, and crypto choice is limited to Bitcoin, Ethereum or Solana. Galaxy states that its custody, brokerage and back-office systems meet SOC 2 standards, and the company bought the fintech Fierce for twelve point five million dollars while hiring Rob Cornish as chief technology officer.
GalaxyOne Cash pays 4.00% APY in an FDIC‑insured account at Cross River Bank. Accredited investors who lock at least twenty five thousand dollars into Galaxy Premium Yield earn 8.00% APY until the program reaches its two-hundred-fifty-million-dollar ceiling, with a maximum of one million dollars per client. The 8.00% rate is fixed until 23 September 2025 and can change thirty days after notice, and both rates can shift after thirty days’ notice.
GalaxyOne Cash pays 4.00 % APY, FDIC-insured through Cross River Bank. Meanwhile, Galaxy Premium Yield pays 8.00 % APY to accredited investors – minimum twenty five thousand dollars, maximum one million per client, program cap two hundred fifty million dollars.
Market context for GalaxyOne
GalaxyOne aims to rival Robinhood besides Kraken, yet Robinhood still owns the largest user base even after it paid California three point nine million dollars to settle a compliance case. Kraken lists more than four hundred twenty nine assets and joins stablecoin projects that compete with bank deposits, underscoring the breadth of crypto choice GalaxyOne does not yet match.
Users who value federal insurance and cash yield may open GalaxyOne accounts, but the short token list will not satisfy active crypto traders. If Galaxy later adds more coins or tokenized bonds, regulators will review each product. The insured cash rate competes with bank savings accounts and uninsured stablecoin yields, while the eight percent notes appeal to wealthy clients, though the entry ticket and per client cap split the user base into tiers. Market uptake and rule changes will decide whether GalaxyOne grows fast enough to match Robinhood besides Kraken, and analysts say the platform must scale while keeping both retail and accredited clients.
GalaxyOne’s blend of yield, insurance and low-fee trading targets mainstream adoption, but its growth will hinge on expanding asset choice and navigating regulatory reviews without diluting its protections.
