Israel Discount Bank, Israel’s fourth-largest bank, will allow eligible customers to buy, hold, and sell Bitcoin and Ethereum directly through its mobile application starting November 26, 2026. Fireblocks will provide the digital asset custody infrastructure for the bank, which will hold the keys, meaning customers will not need an external wallet. The service targets private customers aged 18 and older with securities-enabled accounts and will launch with a six-month waiver of account management fees, while trading commissions are set at 2% per transaction. Customers will also be able to offset capital gains and losses from digital asset trades against other investments in their portfolio through deduction at source. Bank Leumi plans to launch a comparable service through its Pepper app in early 2027, giving Israel Discount Bank a head start of several weeks to months.
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