Mike Novogratz’s Galaxy launches GalaxyOne, offering 4% yields on cash
Originally developed under the name Fierce, GalaxyOne is designed for individual investors seeking exposure to both TradFi and digital markets.
Galaxy Digital, a crypto investment firm founded by former Fortress Investment Group president Michael Novogratz, is launching the GalaxyOne platform, offering exposure to both crypto and traditional finance (TradFi) markets.
Galaxy Digital has launched GalaxyOne, a platform combining exposure to yields on fiat cash with trading cryptocurrencies and equities, the company announced on Monday.
Targeting individual investors in the United States, GalaxyOne offers a 4% annual percentage yield (APY) on cash deposits, in addition to an 8% APY through Galaxy Premium Yield, which is offered exclusively to accredited investors.