The Jerusalem PostEconomy
Discount Bank to Offer Crypto Trading Via App for First Time in Israel
Summarized from The Jerusalem Post by baba
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Discount Bank will become the first Israeli bank to offer cryptocurrency trading via its mobile app starting November 26, 2026, allowing customers to buy, sell, and hold Bitcoin and Ethereum. The service aims to simplify investment management by centralizing all assets and eliminating the need for separate digital wallets. This move, led by Avi Levi and Elad Fisher, is restricted to private customers aged 18+ and includes tax offsetting benefits, though the bank warns of significant investment risks.
The story in 6 lines · by baba
- Discount Bank will launch crypto trading via its app on November 26, 2026, a first for Israel.
- Customers can buy, hold, and sell Bitcoin and Ethereum directly from their bank accounts.
- The service eliminates the need for separate digital wallets and foreign exchange accounts.
- Tax offsetting for capital gains and losses will be available within investment portfolios.
- The new feature is limited to private customers aged 18 and over.
- Discount Bank warns of the high risks and volatility associated with cryptocurrency trading.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
