Israeli Bank Leumi to Debut Bitcoin Trading With Galaxy Digital

Bitcoin Magazine

Israeli Bank Leumi to Debut Bitcoin Trading With Galaxy Digital

Israel’s biggest bank, Bank Leumi, will become the first lender in the country to offer customers Bitcoin trading, according to a Friday announcement.

The lender will work with Galaxy Digital to provide the service, which will become available to customers early next year, the announcement said.

Bank Leumi first announced plans to debut crypto trading in 2022 but shelved the initiative. The latest project will use GalaxyOne Institutional, Galaxy’s institutional platform for banks, asset managers and other institutions for trading and other services, to debut the service.

“We believe that digital assets are gradually becoming an integral part of the global financial system, and it is our role to enable customers to benefit from this development within a reliable, secure, and regulated banking framework,” Bank Leumi’s Head of Strategy, Maya Ravia, said in a statement.

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