GalaxyOne head wants retail investors to stake more, predict less

For Galaxy’s retail investment platform, enabling clients to bet on news is not a priority, according to Zac Prince, head of GalaxyOne.

Rather, that service began. He explained that the construction is being done in October in a way that aims to reward the patience of investors. decrypt.

Prince stated that Galaxy’s financial services and investment management firm is already well-positioned in the prediction markets, offering internal trading and risk management to institutional clients.

When it comes to the consumers for whom Galaxy One was created, those who have between $100,000 and $1 million of investable assets, he described prediction markets as tools that may not align with many affluent consumers for building long-term wealth.

“For individual consumers, I’m not particularly excited about it compared to other things we have in our roadmap,” he said. “I haven’t been able to find a use case for someone who is building a diversified portfolio – which they are going to allocate to predictable markets over the long term.”

In some ways, the feeling echoes. The comments come from Rick Wurster, chairman and CEO of Charles Schwab, who indicated this week that America’s largest discount broking would limit prediction-market access to bets focused on financial events if the company entered that space.

Prince argued that there are two ways to succeed as a consumer-facing financial services offering: cater to investors who want time to market, such as Vanguard or Betterment, or seek clients who see themselves as active traders.

Retail brokerages like Robinhood have adopted prediction markets by working with Kalshi, which analysts described as ‘Sports-Fuelled Tailwind’. Still, Prince indicated that GalaxyOne is not trying to develop a platform “where you want people to log in every day”.

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GalaxyOne started supporting Solana, expressing Last month, individuals were enabled to earn rewards by locking tokens and participating in the process of validating the network’s transactions. Prince said there are plans to support GalaxyOne in the near future, placing bets on Ethereum.

Until the end of this year, the company is waiving commissions on Solana staking rewards earned by customers. The lending services GalaxyOne plans to offer in the future will allow investors to borrow against Solana and Ethereum that are staked while also earning rewards.

“We’re really excited about that product,” Prince said.

Staking has enabled competitors like Coinbase to diversify revenues away from reliance on trading fees, which fluctuate with market conditions. The crypto exchange revealed in February that it earned $677 million from staking in 2025, down 4% year-over-year, citing lower average crypto prices. shareholder letter.

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Currently, GalaxyOne customers are preferring the 8% return on cash that the platform’s “Premium Yield” product supports, Prince said, adding that the offering is one of the most differentiated the company has ever launched.

This week, Galaxy announced that its retail investment platform is ready to begin accepting US businesses and institutions as clients. Prince said the move provides those customers with an all-in-one location to manage bank, brokerage and crypto accounts.

“I think business accounts will get some momentum because it’s relatively unique,” Prince said. “For individuals, there are other platforms that have it.”