TREE NEWS update: Israel Discount Bank will let individual customers buy, hold and sell Bitcoin and Ethereum inside its banking app from Nov. 26, without a separate digital wallet or overseas exchange account — a first for Israeli banking, the bank said. The service is open to Israeli residents aged 18 and over with a securities account, charging a 2% fee per trade. Custody is provided by Fireblocks, with no custody fee for the first six months and 0.25% per quarter thereafter.
Israel Discount Bank to offer Bitcoin, Ether trading in-app from Nov. 26
Embedding crypto trading directly into a bank app, with custody outsourced to Fireblocks, marks a notable shift from the usual pattern of lenders treating digital assets as an external, third-party product. The 2% per-trade fee and quarterly custody charge suggest the bank is monetizing access rather than competing on cost, which matters for how mainstream adoption gets priced in smaller markets. The eligibility gate — residents with a securities account — limits the initial reach, so whether this broadens beyond that base, and whether other Israeli banks follow, is the open question worth watching.
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