Bank Leumi partners with Galaxy Digital to roll out crypto trading for 2.5 million retail clients in early 2027
Bank Leumi's plan with Galaxy to offer BTC/ETH/SOL trading to ~2.5M retail clients from early 2027 signals growing bank-led crypto distribution in Israel, contingent on central bank approval after a prior 2022 rejection. Recent supervisory easing and a parallel proposal to expand licensed trading broaden the regulatory pathway. Near term, the news supports sentiment around institutional infrastructure, custody, and mainstream retail access, despite long-dated execution risk.
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Bank Leumi has teamed up with Galaxy Digital to offer Bitcoin, Ethereum and Solana trading to about 2.5 million retail customers starting in early 2027, a move it says would make it Israel’s first bank to provide crypto trading if approved. The plan requires clearance from the Bank of Israel after the central bank declined to approve a similar 2022 effort with Paxos. Israel received roughly $22 billion in on-chain value in the 12 months to June 2025, according to Chainalysis. Galaxy’s Israel business is led by GK8 co-founder Lior Lamesh.