Israel Discount Bank plans to let customers buy, hold and sell Bitcoin and Ether through its mobile app from November 26, crypto.news and Globes reported on November 11. The launch is still a plan, not a live service.
According to the reports, the service is open to private customers aged 18 or older whose accounts are enabled for securities trading, subject to the bank’s terms and an enrollment agreement. Only Bitcoin and Ether are supported. Fireblocks provides the infrastructure for the bank-held wallets that store customers’ assets, and sale proceeds can be credited directly to the customer’s bank account.
The bank is waiving account management fees for six months. Trading commissions are described as low, but the rates were not published. Gains and losses can be offset against the rest of a customer’s portfolio when tax is withheld at source, the reports said.
Group CEO Avi Levi was quoted by Globes as saying that “for the first time in the banking system, Discount Bank will facilitate the trading of digital currencies directly from a bank account.” The bank also warned that crypto activity carries exceptional risk, including high volatility and the possibility of losing the entire investment. That quote is the bank’s own claim and was not independently verified.
Neither report named a regulator overseeing the new service or a Bank of Israel approval. crypto.news noted that Bank Leumi announced a Galaxy partnership in August for Bitcoin, Ether and Solana trading, with service expected in early 2027.
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