Israel discount bank is about to mark history in it's country financial sector. The major bank, which manages about $150 billion in assets, announced that it will become the first bank in Israel to let everyday customers buy, hold, and sell cryptocurrencies directly through it's Mobile app.
This new service is scheduled to launch on November 26 of 2026, At the start customer will be able to trade two of the world largest digital cryptocurrencies Bitcoin and Ethereum.
How the service will work
Untill now people in Israel who wanted to buy had to use outside exchange or set-up their own digital wallet. Israel Discount Bank is removing that extra step. Users will be able to trade crypto right alongside their regular bank accounts and traditional investments.
To keep digital coins safe the bank is partnering with well known crypto security company called Fireblocks. The bank will manage the digital wallets for its users, offering the familiar safety and trust of a traditional bank.
Main rules and costs for new feature:
• Who can use: Any private user age of 18 or older who already has stock trading turn into their bank account.
• Trading fee: Bank will change 2% fee every time buy or sell crypto.
• Account fee: There will no extra account fee for first six months.
• Taxes: Customer can easily balance their crypto profit and loses against their other bank investment when it comes to pay taxes.
Staying ahead of the competition
By launching in late November, Israel Discount Bank beats its biggest rivals to the punch. Another major Israeli lender, Bank Leumi, also has plans to offer Bitcoin, Ethereum, and Solana trading to its customers. However, Bank Leumi's service is not expected to go live until early 2027.
This move shows how traditional banks are slowly warming up to digital currencies. For everyday customers in Israel, buying Bitcoin is about to become as simple as checking their bank balance.
Now what you think about this move by Israel is it's step to innovation and signal for other countries to implement it too? let me know in comments section?
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