Bank Leumi to Offer BTC, ETH and SOL Trading with Galaxy
Israel’s Bank Leumi partnered with Galaxy Digital to let Leumi and Pepper customers trade Bitcoin, Ether, and Solana via the Leumi Trade app starting early 2027. Leumi will use GalaxyOne Institutional for trading and Galaxy’s GK8 custody infrastructure. Galaxy reported an $85 million Q2 net loss, but $66 million adjusted gross profit from digital assets. Galaxy’s Nasdaq ticker is GLXY.
How this was made
The 30-second read
Why it matters
The deal is positioned as a first for Israeli banks offering direct digital asset trading, with Galaxy supplying trading services (GalaxyOne Institutional) and custody infrastructure (Galaxy’s GK8).
Market read
A new bank-to-crypto distribution partnership can be a positive signal for institutional custody and execution providers, though the launch is not immediate.
What to watch
Adoption risk is high: customer onboarding, compliance approvals, liquidity/market-making arrangements, and competitive offerings from other Israeli banks could determine whether volumes justify the rollout.
Background
Bank Leumi (and its mobile arm Pepper) partnered with Galaxy Digital to enable customers to buy, hold, and sell BTC, ETH, and SOL via the Leumi Trade app.
Ticker impact
Galaxy Digital will provide GalaxyOne Institutional trading and GK8 custody infrastructure for Bank Leumi’s planned BTC, ETH, SOL offering in early 2027.
Moderate positive bias, but likely limited near-term impact until launch details and adoption metrics emerge.
The article discloses a new distribution/custody partnership, but provides no financial terms, launch milestones beyond “early 2027,” or immediate revenue impact.
Market effects
Reinforces the trend of regulated banks adding direct crypto trading access, supporting demand for institutional custody and execution platforms.
Highlights Israel’s banking sector moving toward on-platform crypto services, potentially increasing local retail access and volumes over time.
Adds another example of mainstream financial intermediaries integrating crypto rails, which can support broader sentiment toward crypto infrastructure providers.
Counterpoint
Without disclosed economics or regulatory/operational milestones, the partnership may not translate into meaningful near-term earnings for Galaxy.
Key entities
- bankBank Leumi
Israel’s largest bank, launching a crypto trading section in its investment app via the partnership.
- crypto_infrastructure_providerGalaxy Digital
Provides GalaxyOne Institutional trading and GK8 custody infrastructure for the planned bank offering.
- mobile_banking_armPepper
Leumi’s mobile banking arm whose customers will also access the crypto trading feature.



