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Mike Novogratz's Galaxy Digital jumps 10% after launching retail trading app to compete against Robinhood

Oct 6, 2025, 8:49 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The launch of GalaxyOne enhances Galaxy Digital's market presence, attracting new users and potential investors, similar to Robinhood's impact on trading volumes in its early days, which significantly boosted its stock price.

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Galaxy Digital shares rose 10% after launching GalaxyOne trading platform. GalaxyOne allows commission-free trading of stocks, ETFs, and cryptocurrencies. Yield-bearing accounts offer up to 8% for accredited investors. Shares have doubled this year due to eased regulatory oversight. The platform positions Galaxy as a competitor to Robinhood.

Galaxy Digital shares rose 10% after launching GalaxyOne trading platform.
GalaxyOne allows commission-free trading of stocks, ETFs, and cryptocurrencies.
Yield-bearing accounts offer up to 8% for accredited investors.
Shares have doubled this year due to eased regulatory oversight.
The platform positions Galaxy as a competitor to Robinhood.

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