Popular bank delights Israelis with new service
One of Israel's largest banks, Discount, announced the launch of a new service that marked a radical shift in the country's banking sector's attitude toward digital assets. Starting November 26, the credit institution's customers will…
Assessment
Israel's banking sector just took a significant step into crypto. Discount Bank, one of the country's largest, will let customers buy, sell, and store Bitcoin and Ethereum directly through its mobile app starting November 26. The move removes the need for external exchanges or self-custody. The key feature is automatic tax withholding and integration into a single investment portfolio. This signals a major shift in how traditional Israeli banks view digital assets, and other banks will likely face pressure to follow.