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Galaxy Digital shares jumped about 10% in early buying and selling Monday after the digital belongings funding agency led by CEO Mike Novogratz unveiled a Robinhood-like buying and selling platform, GalaxyOne.
The platform and cell software, launched Monday, hosts commission-free shopping for and promoting of greater than 2,000 shares and exchange-traded funds along with cryptocurrencies equivalent to bitcoin and ether, Galaxy Digital stated in an announcement.
GalaxyOne additionally presents a number of yield-bearing accounts, together with a 4% annual share yield on money deposits and an 8% yield funding observe for accredited traders who put up a minimal of $25,000.
Galaxy shares have greater than doubled this yr as federal regulators have softened their oversight of digital belongings.
Galaxy Digital in 2025