Bitcoin, Ethereum, and Solana have become the first cryptocurrencies to be offered by the largest bank in Israel, which has just added digital assets to its long list of services.
Following a recent announcement shared by the firm, the crypto assets are set to become more accessible to residents in Israel after Bank Leumi partners with Galaxy to introduce digital asset trading services through its banking platform.
Leumi and Galaxy Partner
Being the first bank in Israel to offer digital asset trading directly to its customers, the move has sparked a buzz across the crypto ecosystem.
The move follows the bank's recent partnership with Galaxy Digital, a renowned cryptocurrency firm, which will allow customers of Bank Leumi and its mobile banking arm, PEPPER, to buy, hold, and sell cryptocurrencies.
Following the partnership, Bank Leumi will utilize the GalaxyOne Institutional infrastructure to execute its crypto operations. This is Galaxy's platform designed for banks, asset managers, and other institutional clients to trade, finance, and stake digital assets.
Bitcoin, Ethereum, and Solana in the Spotlight
The crypto assets currently available for purchase on the banking platform include Bitcoin, Ethereum, and Solana. Other assets like XRP and more are expected to join the list soon.
Nonetheless, it is important to note that the crypto assets are not yet available to customers of the bank, as the service is expected to launch in early 2027 and will be available through a dedicated section of the Leumi Trade capital markets application.
According to the bank, the trading environment will be designed to provide customers with a secure and regulated way to access digital assets.
U.Today Editorial Team
Dan Burgin
