Israel Discount Bank to Open BTC and ETH Trading on November 26

According to TechFlow on November 12, Israel Discount Bank disclosed on its official website that it will launch digital currency trading services on November 26, allowing customers to buy, hold, and sell Bitcoin and Ethereum through its banking app.

The service is available to Israeli residents aged 18 or older with an active securities account. Each buy or sell transaction in the app incurs a fee of 2% of the transaction amount, excluding any foreign exchange fees that may apply. Management fees will be waived for six months after launch, after which a 0.25% quarterly fee will apply.

The bank said the service is currently a closed system, and customers cannot transfer digital currencies to or from external institutions or private wallets.

Source: TechFlow