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Israel's largest bank teamed up with Galaxy to launch Bitcoin, Ethereum and Solana trading services

2026-08-15 00:56:40
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National Bank of Israel cooperates with Galaxy Digital to launch cryptocurrency trading service

Bank Leumi has partnered with Galaxy Digital to allow customers to trade Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) through the bank's investment platform, and the service is expected to go online in early 2027.

The two parties said on Friday that customers of Leumi and its mobile banking unit Pepper will be able to purchase, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the move will make Leumi the first Israeli bank to provide digital asset trading services to customers.

Leumi will use the GalaxyOne Institutional platform for transactions and related services, while Galaxy's managed infrastructure platform (formerly GK8) will support the bank's digital asset infrastructure.

According to Leumi, the bank serves millions of customers in retail and commercial businesses.

The partnership came as Galaxy reported a net loss of $85 million in the second quarter, which it attributed mainly to falling digital asset prices. Despite the loss, its digital assets business achieved adjusted gross profit of $66 million, a 34% increase from the previous quarter.

Galaxy Digital, founded and led by Mike Novogratz, will be listed on Nasdaq in May 2025 under the ticker symbol GLXY. Its shares were trading at $21.38 in early trading on Friday, up about 2% for the day, but have fallen about 25% in the past year, according to Yahoo Finance.

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