Israel Discount Bank will open in-app Bitcoin and Ethereum trading

According to the official website of Discount Bank, the bank will allow individual customers to buy, hold, and sell Bitcoin and Ethereum directly in the bank's app starting from November 26, without the need to open a separate digital wallet or overseas exchange account. This is the first time in the Israeli banking industry.

The service is only available to Israeli residents who have opened a securities account and are at least 18 years old. The transaction fee is 2% of the transaction amount, and there will be no custody fees for the first six months after the launch, followed by a quarterly fee of 0.25%. The assets are custodied by Fireblocks.