Mentioned:
Galaxy Digital is coming after a new opportunity: the retail brokerage business.
What’s happening:
- Galaxy Digital (NASDAQ: GLXY) has launched a new retail brokerage platform known as GalaxyOne
Why it matters:
- This is the first time ever that Galaxy Digital has launched a trading platform and brokerage for individual investors
Going deeper:
- GalaxyOne allows retail investors to buy stocks listed in the United States, crypto and access high yield products and lending
- Trading on GalaxyOne is commission free and also allows individuals to auto-reinvest profits into digital assets including Bitcoin
The fine print:
- GalaxyOne is currently only available to individuals who live in the United States and it is unclear when it will be rolled out in other countries
