Israel’s Largest Bank Will Give Bitcoin Trading Another Try
Bank Leumi's 2022 attempt died at the Bank of Israel. A softer regulatory line and Galaxy's custody stack now give it another shot in early 2027.
Bank Leumi, Israel's largest bank, has teamed up with Galaxy Digital to introduce Bitcoin, Ether, and Solana trading services for its customers. Starting in early 2027, Bank Leumi and its mobile arm, Pepper, will allow users to buy, hold, and sell the three cryptocurrencies through Leumi Trade's dedicated section. The partnership marks Bank Leumi as the first Israeli bank to offer digital asset trading services to its customers.
Bank Leumi will utilize GalaxyOne Institutional for trading and related services, while Galaxy's custody infrastructure platform supports the bank's digital asset infrastructure. Bank Leumi serves millions of customers through its retail and business operations. Galaxy Digital, founded by Mike Novogratz, reported an $85 million net loss in Q2, but its digital assets business generated $66 million in adjusted gross profit, a 34% increase from the previous quarter.
Despite the loss, Galaxy's shares were trading at $21.38 on Friday, up about 2% on the day, but down roughly 25% over the past year.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
