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Galaxy Digital Unveils New Trading App With Shocking 8% APY – But There’s a Catch
Yahoo Finance· 2025-10-06 17:51
Core Insights - Galaxy Digital has launched GalaxyOne, a trading platform that integrates crypto, stock, and cash management tools for U.S. investors [1][3] - The platform offers high-yield savings options, including an 8% annual percentage yield (APY) for accredited investors and a 4% APY on FDIC-insured cash deposits [2] - GalaxyOne aims to provide institutional-grade infrastructure to retail users, allowing for seamless management of yield, trading, and portfolio growth [4][5] Product Features - GalaxyOne enables trading of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Paxos Gold (PAXG), with plans to add more digital assets [3] - The platform offers commission-free trading for over 2,000 U.S.-listed stocks and ETFs, expanding its reach beyond the crypto market [3] - Users can automatically reinvest earnings from savings into supported digital assets, facilitating compound growth [4] Strategic Goals - The launch is seen as a significant step in extending Galaxy's institutional expertise to retail investors, addressing the issue of fragmented tools and inconsistent yields in the market [4][6] - GalaxyOne originated from the acquisition of Fierce, a mobile finance app, which has contributed to the platform's development [5] - The company aims to create a unified environment for managing yield, trading, and portfolio growth, positioning itself against competitors like Robinhood and eToro [6] Future Developments - The application is available on iOS, Android, and the web, with future plans for business accounts, staking features for assets like Solana, and new brokerage and lending products [7]
X @CoinDesk
CoinDesk· 2025-07-30 14:20
BREAKING: 🇺🇸White House report touts a "golden age of crypto" in the U.S., signaling DeFi and digital asset trading's integration into mainstream finance. By @IanAllison123 and @jesseahamilton. https://t.co/yS9nPdfcka ...
Vemanti Group Announces Executive Leadership Appointment
Globenewswire· 2025-05-27 12:30
Core Insights - Vemanti Group, Inc. has appointed Matthew White as the new CEO of its subsidiaries XPLOR Technology Pte. Ltd. and ONUS Finance UAB, indicating a strategic move to enhance executive leadership [1][3] - The transition of Mr. Chien Tran, the co-founder and former CEO, to a strategic role emphasizes the company's focus on long-term product and technology direction while maintaining his influence on ONUS Pro's innovation [3] Company Overview - Vemanti Group is a diversified technology holding company targeting emerging markets in Southeast Asia, focusing on digital financial services and seeking growth through strategic partnerships, joint ventures, and mergers and acquisitions [4] - XPLOR Technology Pte. Ltd. is a technology-focused holding company based in Singapore, dedicated to advancing financial technology ventures and ensuring scalability, security, and user-centric innovations across its subsidiaries [5] - ONUS Finance UAB, established in April 2022, offers a crypto wallet and exchange for digital assets, with its flagship platform ONUS Pro recognized as a leading cryptocurrency trading platform in Southeast Asia, providing access to over 600 assets [6]