Bullish
Bank Leumi Partners With Galaxy Digital To Offer Crypto Trading
04:21
Bank Leumi becomes Israel's first bank to offer crypto trading via Galaxy Digital, targeting 2.5 million customers by early 2027 with Bitcoin, Ethereum, and Solana.
Woofun AI reports that Bank Leumi of Israel has entered a partnership with Galaxy Digital to provide cryptocurrency trading services. The initiative aims to serve approximately 2.5 million retail clients by early 2027, establishing Bank Leumi as the first Israeli institution to offer banking-based crypto trading. The service will feature Bitcoin, Ethereum, and Solana within a dedicated security module of the Leumi Trade app, pending approval from the Bank of Israel. This follows a failed 2022 collaboration attempt with Paxos due to regulatory constraints, amid a recently relaxed regulatory environment in Israel.
WOOFUN AI
Impact Assessment · Quick Read
This partnership marks a significant milestone for institutional crypto adoption in Israel, potentially unlocking access for millions of retail investors. By integrating major assets like Bitcoin, Ethereum, and Solana into a traditional banking app, it bridges the gap between fiat and digital assets. Regulatory approval remains the key variable, but the shift suggests a more favorable compliance landscape for financial institutions entering the crypto space.
Generated by WOOFUN AI · For reference only, not investment advice
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