Robinhood(US:HOOD) Benzingaยท2025-10-07 09:21Core Insights - Galaxy Digital Inc. has launched a new platform called GalaxyOne, targeting retail investors and offering high yields on cash, cryptocurrency, and equities trading, positioning itself as a competitor to Robinhood Markets Inc. [3][4] Group 1: Company Developments - Anthony Scaramucci, founder of SkyBridge Capital, expressed pride in being a client of Galaxy Digital and congratulated CEO Mike Novogratz on the launch of GalaxyOne [2]. - GalaxyOne was initially developed under the name Fierce, which Galaxy Digital acquired in 2024 [3]. - Galaxy Digital provides a range of financial solutions within the digital assets ecosystem, including trading, asset management, venture investing, and advisory services [4]. Group 2: Market Performance - Galaxy Digital's stock (GLXY) experienced a 2.42% increase in pre-market trading after a 7.41% rise to $38.84 during the previous trading session, with a year-to-date increase of 123.99% [5]. - The stock has shown a strong price trend across short, medium, and long-term periods, despite a low growth ranking [5].