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Bank Leumi and Galaxy Digital to Launch Crypto Trading for Israeli Bank Customers in 2027

Bank Leumi's entry into retail crypto is in focus for $GLXY ($21.58). Israel's largest lender has agreed to offer Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) trading through the Leumi mobile app, with a 2027…

NM
NewsMV Markets Desk
3 min read
16 August 2026Markets desk
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Key takeaways

  • Bank Leumi, Israel's largest lender, has agreed to offer Bitcoin, Ethereum, and Solana trading directly through its mobile app, with a 2027 go-live date.
  • Leumi is set to be the first Israeli bank to provide this kind of direct retail crypto access.
  • Galaxy Digital will supply two layers: trading via GalaxyOne Institutional and a separately signed agreement for custody infrastructure to hold the underlying assets.
  • Galaxy Digital ($GLXY) trades at $21.58 in New York, down 25% over the past 12 months, while Bank Leumi ($LUMI) is up 20% over the same period on the Tel Aviv Stock Exchange.
  • No regulatory timeline or specific filing date appears in the disclosed terms, making the 2027 launch the first concrete confirmation point.

Bank Leumi's entry into retail crypto is in focus for $GLXY ($21.58). Israel's largest lender has agreed to offer Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) trading through the Leumi mobile app, with a 2027 go-live date as the next hard milestone. The arrangement positions Leumi as the first Israeli bank set to provide that kind of direct access.

The infrastructure stack

Galaxy Digital will supply two distinct layers. Trading runs through GalaxyOne Institutional, Galaxy's platform built for banks and asset managers seeking regulated access. Custody sits in a separate signed agreement: Leumi has also contracted to use Galaxy's custody infrastructure to hold underlying assets on behalf of customers. Keeping those two legs visible matters because execution and custody carry different operational dependencies, and the second contract tells you where the settlement risk is concentrated when the service goes live.

Customers will be able to buy, hold, and sell through the Leumi app they already use, with Galaxy operating the rails behind it. Bank Leumi said cryptocurrencies and digital assets are an increasingly important part of the global financial system. The deal gives New York-based Galaxy Digital a banking distribution channel in Israel, a market where no lender has previously offered crypto access at this level.

The tape on both sides

$GLXY trades at $21.58 in New York, down 25% over the past 12 months. $LUMI has moved the other direction, gaining 20% over the same period on the Tel Aviv Stock Exchange. Galaxy is adding institutional distribution at a point when its own equity has been under sustained pressure. The Leumi agreement extends GalaxyOne Institutional into a market without an established banking-grade crypto on-ramp, which is the read-through worth tracking for the platform's pipeline.

What to watch is the 2027 service launch. No regulatory timeline or specific filing date appears in the disclosed terms, making the live date the first concrete confirmation point for whether the integration holds to schedule. The custody contract is the structural piece: it determines which assets can clear and settle on day one.

Categorycrypto

Filed via finance.yahoo.com

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Frequently asked

Which cryptocurrencies will Bank Leumi customers be able to trade?

Customers will be able to trade Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through the Leumi mobile app.

When is the service expected to go live?

The service has a 2027 go-live date, which is the next hard milestone; no specific regulatory timeline or filing date has been disclosed.

What role does Galaxy Digital play in the arrangement?

Galaxy Digital operates the rails behind the service, providing trading through GalaxyOne Institutional and custody through a separate signed agreement to hold the underlying assets on behalf of customers.

Why does the custody contract matter?

The custody contract is the structural piece because it determines which assets can clear and settle on day one and where the settlement risk is concentrated when the service goes live.

What does the deal mean for Galaxy Digital?

It gives New York-based Galaxy Digital a banking distribution channel in Israel, extending GalaxyOne Institutional into a market where no lender has previously offered crypto access at this level.