Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Israel’s largest bank, Bank Leumi, has partnered with Galaxy Digital to enable trading of Bitcoin (BTC), Ether (ETH), and Solana (SOL) on its investment platform. This service is expected to launch in early 2027 and will allow customers of Bank Leumi and its mobile banking arm, Pepper, to buy, hold, and sell these cryptocurrencies via the Leumi Trade app. Bank Leumi will be the first Israeli bank to offer such digital asset trading services.
Why it matters
This development marks a significant step in mainstream adoption of cryptocurrencies within Israel’s banking sector, potentially increasing access to digital assets for millions of customers. By integrating Galaxy Digital’s trading and custody solutions, Bank Leumi may enhance trust and ease of use for users interested in cryptocurrency investment, signaling growing institutional support for digital assets.
Key context
Bank Leumi serves millions of retail and business customers in Israel. Galaxy Digital, founded by Mike Novogratz, provides institutional trading and custody services and recently reported an $85 million net loss in Q2, largely due to falling crypto prices. However, Galaxy’s digital assets business showed a 34% increase in adjusted gross profit from the previous quarter. Galaxy began trading on Nasdaq under ticker GLXY in May 2025.
Key numbers and entities
Bank Leumi, Pepper (mobile banking arm of Leumi), Galaxy Digital, Mike Novogratz (founder and CEO of Galaxy Digital), Bitcoin (BTC), Ether (ETH), Solana (SOL), Nasdaq ticker GLXY, $85 million net loss Q2 (Galaxy), $66 million adjusted gross profit Q2 (Galaxy, digital assets business), service launch in early 2027.
What remains unclear
The source does not flag open questions regarding the partnership, such as specific customer eligibility, exact launch dates, regulatory approvals, or detailed fee structures for trading through the Leumi platform.