Israeli Bank Leumi To Launch Bitcoin Trading

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  • Leumi, through its digital investing platform Pepper Invest, seeks to be the first Israeli bank to offer trading of bitcoin and other cryptocurrencies.
  • Pepper has partnered with U.S.-based custody and trading platform Paxos to launch the initiative, which is still pending approval.
  • Pepper might be required to trace cryptocurrency transactions from purchase until an eventual conversion to fiat currency, according to the Bank of Israel.

Leumi Bank, through its digital platform Pepper Invest, will become the first Israeli bank to enable the trading of cryptocurrencies, per a Friday press release.

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