Odaily Planet Daily reports that Bank Leumi, Israel’s largest and oldest commercial bank, has announced a partnership with cryptocurrency firm Galaxy Digital to launch Bitcoin, Ethereum, and Solana trading services on its investment platform Leumi Trade and mobile banking app PEPPER by early 2027, pending approval from the Bank of Israel. Customers will be able to buy, hold, and sell these crypto assets directly through their bank accounts, without needing to open accounts on separate exchanges or use personal wallets. Galaxy Digital will provide institutional trading platforms and custody infrastructure, while Bank Leumi plans to operate under a white-label model, meaning customers will not hold private keys. Bank Leumi previously announced a collaboration with Paxos in 2022 to offer crypto trading services, but the initiative did not receive regulatory approval. The fees, trading limits, asset list, and withdrawal rules for external wallets have not yet been disclosed, and the custodied crypto assets will not be covered by the same deposit insurance as shekel deposits. (Bitcoin.com News)
Bank Leumi to Launch Bitcoin, Ethereum, and Solana Trading in 2027
KuCoinFlashShare
Summary
Israeli bank Bank Leumi announced plans to launch cryptocurrency trading in 2027, offering trading in Bitcoin, Ethereum, and Solana through its Leumi Trade app and PEPPER platform. The initiative, subject to approval by the Bank of Israel, will enable customers to trade directly from their bank accounts without requiring separate wallets. Galaxy Digital will provide custody and trading infrastructure, with Bank Leumi operating under a white-label model. This follows a previous 2022 partnership with Paxos that did not receive regulatory approval. Details regarding fees, trading limits, and withdrawal rules for the Ethereum ecosystem remain unclear. Custodied assets will not be covered by standard deposit insurance.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.