Discount Bank of Israel will open BTC and ETH trading on November 26.

On November 12 that, according to the official website of the Discount Bank of Israel, the bank will launch a digital currency trading service on November 26, enabling customers to buy, hold, and sell Bitcoin and Ethereum through the banking app.

The service is available to Israeli residents aged 18 and above who already hold a securities account. Each buy or sell transaction executed within the app incurs a 2% fee based on the trade amount, excluding any potential foreign exchange conversion costs; management fees are waived for the first six months following the launch, after which a quarterly charge of 0.25% will apply.

The bank stated that the service currently operates as a closed system, preventing customers from transferring digital currencies to or from external institutions or private wallets.