Israel Discount Bank will enable individual customers to buy, hold, and sell Bitcoin and Ethereum directly through its mobile app starting November 26, marking the first such offering in the Israeli banking sector. The service eliminates the need for a separate digital wallet or overseas exchange account.
Access is restricted to Israeli residents aged 18 or older with an active securities account. Transactions carry a 2% fee per trade, while custody fees are waived for the first six months post-launch before shifting to 0.25% per quarter. Fireblocks provides the underlying custody infrastructure for the assets.
Israel Discount Bank to Launch Bitcoin and Ethereum Trading in App Starting Nov 26
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