Israel Stock Exchange to start trading cryptocurrencies

The Israel Stock Exchange will start trading cryptocurrencies. The Tel Aviv Stock Exchange (TASE) is launching its crypto marketplace, according to PR Newswire. The five-year plan includes the tokenization of various digital asset classes and smart contracts.

As part of the plan for 2023-2027, TASE management has set targets for an average annual revenue growth rate of 10% to 12% of organic growth. In addition, the exchange plans to transform the ownership structure and intends to consider investments in the blockchain business.

Exchange CEO Ittai Ben-Zeev said the next five years represent a critical window of opportunity for TASE. The exchange plan anticipates market needs and takes the development and management of innovative services and products to a new level.