Banks Stuff Crypto Trading into Their Own Apps, Exchanges Retreat to the Backend of the Financial System
- Bank Leumi said it will let 2.5 million retail customers buy, sell, and hold BTC, ETH, and SOL inside its Leumi Trade app through a partnership with Galaxy Digital.
- Galaxy Digital will handle trade execution, custody, and liquidity access through its GalaxyOne Institutional platform and GK8 custody unit, while Bank Leumi keeps the customer relationship, KYC, compliance, and branding.
- The launch is expected in early 2027, according to the report.
- The article says this setup reflects a broader shift in which banks keep the front end and crypto firms increasingly provide back-end infrastructure.
- It also says Galaxy has recently signed other traditional finance partnerships, including with BNY Mellon and Morgan Stanley, and that Coinbase faces a strategic challenge as banks move crypto trading into their own apps.
Bank Leumi said it plans to let its retail customers trade digital assets directly inside the bank’s own Leumi Trade app through a partnership with Galaxy Digital. The service would cover BTC, ETH, and SOL, with launch expected in early 2027.
Under the arrangement described in the report, Bank Leumi would keep the customer-facing role, including onboarding, compliance, funding, and branding. Galaxy would provide the execution, custody, and liquidity infrastructure behind the scenes.
The article frames this as part of a larger industry shift: banks may increasingly own the client relationship and distribution layer, while crypto exchanges and infrastructure providers move into the back end. It also notes that Galaxy has signed similar partnerships with BNY Mellon and Morgan Stanley.
Potential market impact is mixed: the trend could be neutral to positive for crypto infrastructure and custody providers that secure bank partnerships, while it may be negative for retail crypto exchanges that lose direct access to end users. The article does not suggest a direct effect on stocks, gold, or FX beyond that broader crypto-industry shift.
银行把加密交易塞进自家应用，交易所退到金融系统后台
Bank Leumi表示，计划通过与Galaxy Digital的合作，让零售客户直接在银行自己的Leumi Trade应用里交易数字资产。报道提到，这项服务将覆盖BTC、ETH和SOL，预计在2027年初上线。
按报道所述，这一安排中，Bank Leumi继续负责面向客户的一侧，包括开户注册、合规、资金通道和品牌；Galaxy则在后台提供撮合、托管和流动性基础设施。
文章将这一合作描述为更大行业变化的一部分：银行可能越来越掌握客户关系和分发入口，而加密交易所与基础设施公司则更多退到后台。文章还提到，Galaxy近期已与BNY Mellon、Morgan Stanley等机构达成类似合作。
对市场的潜在影响偏中性到分化：对获得银行合作的加密基础设施和托管服务商可能略偏利好，对失去直接触达终端用户的零售加密交易所则可能偏利空。报道没有指出这一趋势会直接影响股票、黄金或外汇市场。