Israel’s Main Stock Exchange Will Start Trading Crypto

Israel – The construction of a blockchain infrastructure for cryptocurrency trading is part of the Tel Aviv Stock Exchange (TASE), the sole and primary stock exchange in Israel 2023–2027 ,’s development plan.

The news release states that TASE will increase its usage of cutting-edge technology, such as blockchain, tokenization of multiple asset classes, and smart contract implementation.

The exchange will take into account a number of options for the execution of its strategy, such as the conversion of the existing infrastructure to new technological advancements, their integration into specialized platforms, and the development of various services and goods pertaining to digital assets.

There is no question that cryptocurrencies and blockchain will appear on the main Israeli financial platform given the success of the previous strategic plan, despite the lack of specific dates to yet. Management expects TASE’s revenue to climb 10-12% over the following five years as a result of the new approach.

Crypto and Israel

Israel is a country that welcomes cryptocurrencies. For instance, the nation’s central bank has been researching the potential for a digital shekel launch for years and even carried out a prototype launch on Ethereum.

The government recently issued tokenized bonds in a test program. Additionally, Israeli banks like Bank Leumi provide cryptocurrency trading, and cardholders of Max and Isracard bank cards are able to purchase cryptocurrencies.

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