Galaxy Debuts All-in-One App With Crypto, Stocks, and 4% Yield

Crypto and Stocks in One Platform

Galaxy Digital on Monday launched GalaxyOne, a new consumer app offering both cryptocurrency and U.S. equity trading, expanding its business beyond institutional clients. The platform is available in all 50 U.S. states and allows users to trade BTC, ether, Solana, and Paxos Gold, alongside more than 2,000 stocks and platform-traded funds.

GalaxyOne users can trade U.S. equities and ETFs with zero commissions, including fractional shares. The app also provides on-chain transfers for digital assets, letting users move tokens freely in and out of their accounts. A Galaxy spokesperson said that more crypto assets will be added in future updates.

The move brings Galaxy into direct competition with retail-focused fintech firms such as Robinhood, eToro, and Cash App, which already blend with traditional finance features.

Investor Takeaway

Interest-Bearing Accounts and Premium Yield

GalaxyOne offers a high-yield cash account with 4% annual percentage yield (APY) for all users. Accredited investors can access Galaxy Premium Yield, an investment note offering up to 8% APY. The note is powered by Galaxy’s institutional lending arm and differs from the 4% account in that it is not FDIC insured.

The company said the yield program is tied to its institutional-grade lending infrastructure, which allocates funds across secured crypto loans. Only investors meeting accredited status—based on income or net worth thresholds—are eligible to participate.

The retail-facing 4% account aims to attract users looking for stable returns comparable to money market funds while maintaining or transfers. Galaxy did not disclose how deposits are managed, though similar offerings by fintechs are typically backed by partner banks.

Novogratz: “Extending Institutional Infrastructure to Individuals”

“We’ve spent years building institutional-quality infrastructure to serve the world’s most sophisticated investors,” said Mike Novogratz, Galaxy’s founder and chief executive. “Now, we’re extending that edge to individuals.”

Novogratz’s firm has traditionally catered to hedge funds, family offices, and large trading desks through its institutional lending, derivatives, and custody operations. GalaxyOne marks its first full-scale consumer push, offering an integrated gateway for both digital and traditional assets.

The product launch comes as the U.S. retail trading market continues to expand following a strong first half for equities and renewed . With BTC hovering above $120,000 and retail volumes returning to pre-2022 levels, the timing gives Galaxy a larger audience of retail investors viewking exposure across both markets.

Investor Takeaway

From Fierce to GalaxyOne

GalaxyOne originated from Fierce, a finance app that Galaxy acquired in December 2024 for $12.5 million. Fierce’s development team was absorbed into Galaxy’s consumer division, with its former CEO Rob Cornish now serving as Galaxy’s chief technology officer. The acquisition accelerated Galaxy’s shift toward retail integration, providing a ready-made framework for multi-asset brokerage and user onboarding.

Galaxy’s push into consumer finance follows similar moves by digital asset firms viewking to merge crypto infrastructure with traditional financial services. As competition intensifies, the firm is betting that its institutional background and regulated structure will attract users viewking reliability over high-risk yields.

The company said it intends to expand GalaxyOne’s capabilities over time, adding new crypto assets, portfolio tools, and potentially wealth management features. For now, the app’s dual offering—stocks and crypto under one account—marks one of the broadest retail launches yet from a major crypto-native firm in the U.S.