Share this article
Tel Aviv Stock Exchange Plans to Let Customers of Its Nonbank Members Trade Crypto
The exchange is trying to meet the demand for digital assets while mitigating the risks.
Updated Feb 27, 2023, 2:12 p.m. Published Feb 27, 2023, 1:35 p.m.
The Tel Aviv Stock Exchange, or TASE ,which operates Israel's only public equity trading platform, wants to expand authorized activities to allow customers of its nonbanking members to trade crypto, according to a Monday announcement.
Nonbanking financial institutions can provide services like investments, consulting, brokering or cashing checks but can't accept deposits from the public.
STORY CONTINUES BELOW
TASE's proposal to change its rules is now open for a period of public comment. After that, the proposal will be submitted for approval by TASE's board of directors, the announcement from the stock exchange said.
Under the proposal, nonbank members would have to buy and sell crypto for their customers through licensed crypto trading and custody providers.
Following the crypto market turmoil in 2022, regulators in Israel have been warning the public and institutions about the risks involved with digital assets. Earlier this month, the country's markets regulator issued a warning against unlicensed crypto exchanges, and on Sunday, the Bank of Israel warned local banks and credit card companies of the risks of engaging with crypto companies.
TASE said its proposal to cover crypto trading for nonbanks is an attempt to meet the growing demand for crypto while mitigating risks "that are inherent" in crypto activity.
A strategy document from October showed TASE was looking to set up a blockchain-based digital-asset trading platform.
Read more: Tel Aviv Stock Exchange to Set Up Platform for Digital Assets
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
CFTC's acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
The leader of the derivatives regulator is planning to join the crypto industry as the CFTC and other federal regulators work on policies to benefit the sector.
What to know:
- Commodity Futures Trading Commission Acting Chairman Caroline Pham confirmed again that she's heading to crypto firm MoonPay when the Senate confirms her replacement and he's sworn in.
- President Donald Trump's CFTC chair nominee Mike Selig was set for a Senate vote Wednesday evening, according to that chamber's schedule.
- Selig, currently an SEC official, would arrive at the CFTC just as several of Pham's crypto initiatives have gone live.
Top Stories
