Galaxy Debuts Crypto Platform for Individuals to Rival Robinhood, Kraken

In brief

  • GalaxyOne is set to compete with the likes of Coinbase and Robinhood.
  • The platform offers “premium” yield for accredited investors.
  • Galaxy has historically catered to financial institutions.

Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken and Robinhood that offer both cryptocurrency and equities trading.

The service, called GalaxyOne, has a dedicated mobile app, the company said in a press release, while highlighting features that it thinks could chip away at an industry dominated by a handful of firms in the U.S., such as “premium” yield for accredited investors.

Galaxy is aiming…

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