Galaxy Digital Unveils GalaxyOne with Up to 8% APY Yield

Galaxy Digital Launches Crypto Trading Platform

  • Galaxy Digital has launched a new crypto trading platform, GalaxyOne, targeted at individual investors.
  • The platform offers "premium" yield options for accredited investors, with up to 8% APY.
  • There is also a 4% APY option through "GalaxyOne Cash," available without restrictions.
  • GalaxyOne currently supports trading in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Kraken's Strategic Expansion

  • Kraken closed a $100 million funding round earlier this year, aiming for a public listing.
  • The exchange integrates Traditional Finance (TradFi) with blockchain technology.
  • Kraken acquired NinjaTrader for $1.5 billion and increased its user base by two million.
  • Introduced xStocks for tokenized shares of companies like Apple and Tesla.