Leumi Bank Offers Crypto Trading Through Galaxy Digital Partnership

Israel's largest bank, Bank Leumi, is making waves in the crypto industry by partnering with Galaxy Digital to offer customers cryptocurrency trading. This marks a significant milestone as it becomes the first Israeli bank to provide such services.

Clients of Leumi and its digital banking unit, Pepper, will be able to buy, hold, and sell Bitcoin, Ether, and Solana through the bank's Leumi Trade investment app. Galaxy Digital will provide the trading and custody infrastructure for the service, which is expected to launch in early 2027.

The move gives Leumi customers direct access to digital assets through their existing banking relationship, a trend seen among traditional financial institutions expanding into cryptocurrency services. However, regulatory approval from the Bank of Israel is still pending before the service can go live.