Galaxy Digital Partners With Israel's Largest Bank to Offer Crypto Trading
GLXY sits 32% above its 52-week low of $16.43.
Summary
Galaxy Digital has signed a partnership with Bank Leumi, Israel's largest lender, to provide cryptocurrency trading to the bank's customers starting in 2027. Galaxy will supply trading services through its GalaxyOne Institutional platform and custody infrastructure. This is the first such partnership for an Israeli bank and gives Galaxy a significant banking partner in a new market. The deal expands Galaxy's institutional crypto services footprint beyond its existing data center and trading operations. No financial terms were disclosed, but the partnership could drive future transaction and custody revenue as crypto adoption grows in Israel.
At the time of this announcement, GLXY was trading at $21.71 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $16.43 to $45.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.