Posts

Showing posts with the label cryptocurrency trading

Galaxy Digital’s Stock Jumps by More than 7% As Crypto Financial Services Giant Rolls Out All-in-One Trading App to Compete with Robinhood

The crypto financial services giant Galaxy Digital is now in direct competition with the retail trading powerhouse Robinhood. On Monday, Mike Novogratz’s firm rolled out “GalaxyOne,” a new all-in-one platform that offers individual investors crypto and equities trading and yields on cash. Galaxy notes that accredited investors can access 8.00% Annual Percentage Yield (APY) through a “Premium Yield” product, while all investors can earn 4.00% APY on cash deposits. The new platform supports more than 2,000 stocks and exchange-traded funds (ETFs), as well as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and PAX Gold (PAXG), an Ethereum-based token backed by physical gold and issued by blockchain infrastructure platform Paxos. Zac Prince, the head of GalaxyOne, says the platform also plans to add business accounts and crypto staking in the future. “For too long, individual investors have been stuck with fragmented, underpowered tool...

Bitcoin Loyalists Break Rank, Back Ethereum Longs

Image
The cryptocurrency domain is witnessing a new development, a diversification of sorts, where ETH seems to be taking the ultimate lead. Ethereum is currently the market’s new favorite crypto, eyeing major price overhauls in the near future. This momentum is also compelling investors to abandon some of their BTC holdings for ETH, showing an incredible breakthrough, all set to embrace Ethereum in full force. Also Read: Ethereum Price Rallies 3% Ahead of Fed’s Jackson Hole Meeting Crypto Investors Are Showing Interest in Ethereum Source: Watcher Guru The cryptocurrency market is currently favoring Ethereum in full force. ETH is the most compelling crypto at the moment, as anticipation around stablecoin development and progress on the ETH blockchain fuel its token’s surge. Ethereum is currently one of the leading market assets, with experts like Tom Lee predicting how the token is bound to hit $12K very soon. Tom Lee (@fundstrat) just called for $16,000 $ETH on CNBC Tom also said that 20% o...

The Role Played by Liquidity Providers in Powering Crypto Markets

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...