Odaily Planet Daily reports that Bank Leumi, Israel's largest and oldest commercial bank, has announced a partnership with cryptocurrency company Galaxy Digital to launch Bitcoin, Ethereum, and Solana trading services on its Leumi Trade investment app and mobile banking app PEPPER in early 2027, pending approval from the Bank of Israel. Customers will be able to buy, hold, and sell related crypto assets through their bank accounts without needing to open accounts on independent exchanges or use personal wallets. Galaxy Digital will provide the institutional trading platform and custody infrastructure, while Bank Leumi plans to operate on a white-label model, meaning customers will not hold private keys. Bank Leumi previously announced a partnership with Paxos in 2022 to offer crypto trading services, but this did not receive regulatory approval. Fees, trading limits, asset lists, and external wallet withdrawal rules for this service have not yet been announced, and the custodied crypto assets will not enjoy the same deposit insurance coverage as shekel deposits. (Bitcoin.com News)
Bank Leumi plans to launch Bitcoin, Ethereum, and Solana trading services in early 2027.
2026-08-15 13:38:44
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