Top Israeli bank to accept BTC and ETH trading through Paxos' collaboration

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Israel’s Leumi Bank recently launched a crypto trading platform powered by PaxosGlobal, and currently operates limited trading of BTC and ETH. The bank expects to go mainstream after expected regulatory approval.

by Reuters, Pepper Invest, Leumi's digital platform, has partnered with blockchain infrastructure provider Paxos to launch crypto trading. Pepper Invest clients can now buy, sell and hold cryptocurrencies using the new service.

There is currently no start date announced, and the new move is pending regulatory approval. The report highlighted that: Banks in many countries were previously hesitant to accept BTC and other cryptocurrencies, but that situation changed as the demand from corporations and individual customers increased. Regulators have also shifted their attention away from outright bans and toward the development of a regulatory framework.

 

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