Israel's Largest Bank Enlists Galaxy to Organize Bitcoin, Ethereum, and Solana Trading

cryptonews.ruPublished on 2026-08-14Last updated on 2026-08-14

Abstract

Israel's largest bank, Bank Leumi, has partnered with Galaxy Digital to allow its clients to trade Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through its investment platform, Leumi Trade. The service is expected to launch in early 2027. Clients of Leumi and its mobile banking subsidiary Pepper will be able to buy, hold, and sell these three cryptocurrencies directly within the bank's app. This move will make Leumi the first Israeli bank to offer digital asset trading to its customers. Leumi will utilize Galaxy's GalaxyOne Institutional platform for trading and related services, with Galaxy's custody platform (formerly GK8) providing the digital infrastructure. This partnership comes after Galaxy reported an $85 million net loss in Q2, attributed largely to falling digital asset prices. However, the company's digital assets business unit posted $66 million in adjusted gross profit, a 34% increase from the prior quarter.

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

On Friday, the companies stated that clients of Leumi and its mobile banking unit, Pepper, will be able to buy, hold, and sell the three cryptocurrencies through a dedicated section in the Leumi Trade app. According to representatives from Leumi and Galaxy, upon launch, Leumi will become the first Israeli bank to offer its clients digital asset trading.

Leumi will use GalaxyOne Institutional for trading and related services. The Galaxy asset storage platform, previously known as GK8, will provide the bank's digital infrastructure.

According to Leumi, the bank serves millions of clients in both retail and corporate segments.

The partnership was announced following Galaxy's report of an $85 million net loss in the second quarter. The company largely attributed this to the decline in digital asset prices. Despite the loss, Galaxy's digital assets unit generated $66 million in adjusted gross profit — a 34% increase from the previous quarter.

Galaxy Digital, founded by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. On Friday morning, its stock was priced at $21.38, having risen by about 2% for the day but fallen by approximately 25% over the past year, according to Yahoo Finance data.

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Related Questions

QWhich Israeli bank has partnered with Galaxy Digital to offer cryptocurrency trading, and what is the expected launch date for the service?

AThe Israeli Bank Leumi has partnered with Galaxy Digital. The service is expected to launch in early 2027.

QWhich three cryptocurrencies will customers be able to trade through the Leumi partnership, and on which platform?

ACustomers will be able to trade Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through the Leumi Trade investment platform within the bank's application.

QWhat specific Galaxy services will Bank Leumi use for its crypto trading and custody operations?

ABank Leumi will use GalaxyOne Institutional for trading and related services, and Galaxy's custody platform (formerly known as GK8) will provide the digital infrastructure.

QWhat was Galaxy Digital's financial performance in the second quarter leading up to this partnership, particularly regarding net loss and its digital asset segment?

AIn the second quarter, Galaxy Digital reported an $85 million net loss, largely attributed to falling digital asset prices. However, its digital assets segment generated $66 million in adjusted gross profit, a 34% increase from the previous quarter.

QWhen did Galaxy Digital begin trading on the Nasdaq and what has been the recent performance of its stock?

AGalaxy Digital began trading on the Nasdaq under the ticker GLXY in May 2025. As of Friday morning, its stock was priced at $21.38, up about 2% for the day but down approximately 25% over the past year.

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