Share this article
Israeli Exchange Bits of Gold Becomes First Crypto Firm to Receive Capital Markets License
The firm will now be able to work with local bank and financial institutions.
Updated May 11, 2023, 4:58 p.m. Published Sep 22, 2022, 11:59 a.m.
Israel's top markets regulator has granted local cryptocurrency exchange Bits of Gold one of its first licenses for exchanges that target crypto financial-services providers.
With the license from the Capital Markets Authority, Bits of Gold will be able to work with local banks and financial institutions, according to a press release shared with CoinDesk. Regulators in the country have been for some time attempting to clear the way for reluctant local banks to start interacting with crypto.
STORY CONTINUES BELOW
"With the license and the Bank of Israel recent orders we will be able to resolve most of the bank issues," the company said in a press statement.
The markets regulator already granted Israel's first crypto license to another private company called Hybrid Bridge Holdings (HBH) in early September. CEO Giyora Ran later told local news outlet Globes that HBH is building a crypto custody and exchange platform, but it's unclear if it has a working product yet.
This makes Bits of Gold, which was founded in 2013, the first local industry veteran and active crypto company to obtain the license, the company told CoinDesk in a written statement. It applied for the license in 2018.
Bits of Gold is planning to launch a platform that will enable local and European banks and fintech firms to offer clients crypto for purchase. The firm also wants to start offering crypto custody services through its new digital wallet starting next month.
Read more: Israel’s New AML Rules May Help Banks Onboard Crypto Clients
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
Five Crypto Firms Win Initial Approvals as Trust Banks, Including Ripple, Circle, BitGo
The firms have obtained conditional approval from the Office of the Comptroller of the Currency to convert into national trust banks.
What to know:
- Crypto firms Circle, Ripple, Fidelity Digital Assets, BitGo and Paxos received conditional approval by the OCC to become federally chartered trust banks.
- The move sets up firms to follow in the footsteps of Anchorage Digital, the first to get a federal bank trust charter in the U.S.
- A slew of stablecoin issuers and crypto firms, including Coinbase, filed for federal oversight after GENIUS Act was written into law.
Top Stories
