Israel’s largest and oldest commercial bank, Bank Leumi, said it plans to launch trading for Bitcoin, Ether and Solana in early 2027 through its Leumi Trade investment app and the PEPPER mobile banking platform, subject to approval from the Bank of Israel. The bank is working with crypto firm Galaxy Digital, which will supply the institutional trading platform and custody infrastructure. Under the proposed setup, customers would be able to buy, hold and sell the assets directly from their bank accounts without opening accounts at standalone exchanges or using personal wallets. Leumi intends to run the service on a white-label basis, and customers would not control the private keys. The bank had previously announced a crypto trading partnership with Paxos in 2022, but that plan did not receive regulatory approval. Fees, trading limits, the final list of supported assets and rules for withdrawals to external wallets have not been disclosed. The bank also said crypto assets held in custody would not receive the same deposit insurance protection as shekel deposits.
Bank Leumi, Israel’s largest and oldest commercial bank, said it plans to launch Bitcoin, Ether and Solana trading in early 2027 through its Leumi Trade investment app and the PEPPER mobile banking platform, pending approval from the Bank of Israel.
Under the proposed offering, customers would be able to buy, hold and sell the crypto assets directly through their bank accounts, without opening accounts at separate exchanges or using personal wallets.
Galaxy Digital to provide trading and custody infrastructure
Leumi said it is partnering with crypto company Galaxy Digital for the rollout. Galaxy Digital will provide the institutional trading platform and custody infrastructure, while Bank Leumi plans to operate the service on a white-label basis. Customers would not hold the private keys.
Earlier Paxos plan did not win approval
Bank Leumi had previously announced a partnership with Paxos in 2022 to offer crypto trading services, but that effort did not receive regulatory approval.
Key service details remain undisclosed
The bank has not published the fee structure, trading limits, the final list of supported assets, or the rules on withdrawals to external wallets. It also said crypto assets held in custody would not receive the same deposit insurance protection as shekel deposits.
The development was reported by Bitcoin.com News.
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