Major Israeli Financial Institution Opens Door to Bitcoin and Ethereum Trading

One of Israel’s largest banks, Bank Leumi, is the first Israeli bank to offer trading in Bitcoin and Ethereum. The bank made the announcement after reaching an agreement with US crypto company Paxos on Thursday.

Accordingly, Pepper Invest clients will be able to trade cryptocurrencies worth at least 50 shekels per transaction. Pepper Invest in the Leumi digital platform.

Pepper Invest will pay special attention to usability for its clients. The platform will take care of everything related to taxes for its clients. Moreover, trading is possible without downloading a wallet.

“We are proud to be the first in the banking system in Israel, and one of the few in the world, to offer our customers to trade cryptocurrencies in a simple, safe and reliable way, without having to download a wallet, and without having to deal with the tax authorities,”

said Uri Natan, CEO of Pepper.

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