Leumi Partners with Galaxy Digital for Crypto Trading Service
Bank Leumi, Israel's largest bank, is partnering with Galaxy Digital to offer its retail customers the ability to buy and sell Bitcoin, Ethereum, and Solana within its Leumi Trade app. The service is set to launch in early 2027, pending approval from the Bank of Israel.
The partnership will utilize Galaxy Digital's trading and on-chain storage infrastructure, with users accessing a secure part of the Leumi Trade app through PEPPER (Bank Leumi's mobile-only banking arm) accounts. The initial list of tokens includes Bitcoin (BTC), Ether (ETH), and Solana (SOL), with other selected coins to follow.
Galaxy Digital is supplying the infrastructure for the service, which will trade through GalaxyOne Institutional, a platform aimed at banks and asset managers. Bank Leumi has also signed on to Galaxy's custody arm to hold private keys and safeguard customer assets.
This move marks a significant development in Israel's regulatory environment, which has relaxed its stance on bank exposure to crypto over the past year. The Bank of Israel has scrapped automatic deposit delays, blocked banks from issuing blanket refusals of money coming from licensed providers, and set security and capital floors for firms holding customer assets.
Israel's on-chain crypto value grew by an estimated $22 billion between June 2024 and June 2025, according to Chainalysis figures. The partnership is part of Leumi's innovation push, aiming to provide customers with simple, secure, and regulated access to trading digital assets.