Israel's Discount Bank is scheduled to open customers to buy and sell Bitcoin and Ethereum through the bank's app on November 26. The service is limited to Israeli adult individual customers. The transaction adopts a closed structure and does not support the transfer of cryptocurrency into or out of the bank. The App charges a 2% fee for each transaction. (Previous summary: Bank Leumi, Israel’s largest bank, has formed an alliance with Galaxy Digital and will allow customers to buy and sell BTC, ETH, and SOL) (Background supplement: Belgian bank KBC allows users to purchase BTC and ETH, adopting a closed-loop model of “you can buy but not withdraw”) Israel’s Discount Bank announced on November 11 that it is scheduled to allow customers to directly use the bank app starting from November 26, 2026. Buy, hold and sell Bitcoin (BTC) and Ethereum (ETH) without opening an external exchange account or managing your own dedicated wallet. Cryptocurrency holdings will be placed in the same bank investment portfolio as stocks, bonds and other investments, and customers can manage these assets from existing accounts. BTC and ETH are supported in the first phase, and other currencies are left for subsequent evaluation. Restricted to adult individual customers in Israel, who must complete a securities transaction and service contract. The product description on the bank's official website states that this service is only provided through the personal version of the App. It is targeted at bank customers who are over 18 years old and reside in Israel, and must first add their account to securities trading services. Customers must also complete securities and financial asset-related terms, complex financial instrument riders, and cryptocurrency-specific agreements within the app. After completing the joining process, you can select the currency and amount through the capital market area of ​​the App and send real-time trading orders. The bank wallet is paired with Fireblocks infrastructure and is not open to external transfers at this stage. The bank stated that customers’ crypto assets will be stored in the bank wallet and use Fireblocks’ digital asset infrastructure. Fireblocks' role in this service is to provide the technology required for asset management and transfer, so that customers do not have to keep their own private keys. However, this service adopts a closed structure, and buying, holding and selling are limited to bank accounts. Customers cannot transfer coins from external exchanges or private wallets, nor can they transfer purchased coins to external addresses; the bank only stated that it will evaluate whether to open it in the future based on supervision and business development. Each transaction is charged 2%, and the custody management fee is waived for half a year from the launch. In terms of fees, the handling fee for each purchase or sale of the App is 2% of the transaction amount, excluding possible foreign exchange fees. The hosting management fee will be waived for half a year starting from the scheduled launch date on November 26, and 0.25% will be charged quarterly after the preferential period. After the transaction is completed, the position will be immediately displayed in the customer's securities investment portfolio; the payment will be completed on the next business day, which is T+1. The proceeds from the sale are remitted to the bank account in U.S. dollars. If they are to be converted into Israeli New Shekels or other currencies, separate instructions must be given by the customer. Banks will also provide an offset for capital gains and losses within an investment portfolio, allowing gains and losses on securities and cryptocurrency investments to be calculated when tax is withheld. For customers using this service, transactions, positions and tax withholdings are all handled centrally within their existing bank account. Related Reports German Savings Bank Sparkassen Opens Crypto Trading! The first batch of 5 coins including BTC are listed online, with each transaction charging 0.99 euros. Standard Chartered allows wealth customers to buy and sell Bitcoin and Ethereum in the United Arab Emirates. The coins cannot be transferred out of the bank. It is the first in the United States! Bank of New York Mellon received regulatory approval to launch crypto asset custody, the first of its kind in the world! Israel requires stablecoins to have "reserves exceeding 100%" and issuers must obtain a banking regulatory license This article was first published in DongZu BlockTempo "DongZu DongTen - the most influential blockchain news media".