Israel's largest bank Bank Leumi partners with Galaxy to offer crypto services

Bank Leumi, Israel’s largest bank, has announced plans to allow its retail customers to buy and sell Bitcoin, Ethereum, and Solana inside its Leumi Trade app, using Galaxy Digital’s trading and on-chain storage infrastructure.

The service is set to launch in early 2027 and still requires the approval of the Bank of Israel.

Bank Leumi refines Leumi Trade app

The two companies announced the partnership on Thursday, under which users of Leumi and PEPPER (Bank Leumi’s mobile-only banking arm) accounts will get access to a secure and exclusive part of the Leumi Trade capital markets app. In this new area of the app, a short list of tokens can be bought, sold, and even held long-term, according to a Galaxy press release.

Bitcoin (BTC), Ether (ETH), and Solana (SOL) are the assets initially named for the service, with other “selected” coins to follow.

Galaxy Digital (Nasdaq: GLXY), the firm overseen by Mike Novogratz, is supplying the infrastructure for the service. The bank will trade through GalaxyOne Institutional, Galaxy’s platform aimed at banks and asset managers.

… Continue reading the full article at the original source below.