Galaxy Digital Challenges Robinhood with New Fintech Platform

Galaxy Digital (GLXY 3.16%), a cryptocurrency investment firm traditionally focused on institutional infrastructure, is making a bold move into retail finance. The company announced GalaxyOne, a commission-free trading app offering stocks, crypto, and high-yield cash accounts—directly competing with Robinhood's core business model.

The platform promises 4% base interest on deposits, doubling to 8% for premium users. "We're bringing institutional-grade tools to individual investors," said CEO Mike Novogratz, signaling a strategic pivot from Galaxy's blockchain roots to mainstream fintech.

Developed through last year's acquisition of Fierce, GalaxyOne leverages the firm's May 2025 Nasdaq listing to challenge Robinhood's dominance. The MOVE mirrors Robinhood's own expansion into crypto, creating a symmetrical rivalry between traditional fintech and crypto-native players.