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Israel's Markets Regulator Grants First Crypto License to Private Company: Report
Hybrid Bridge Holdings is the first company to receive a permanent license from the country's capital markets authority to engage in crypto-related business activities, Globes reported.
Updated May 11, 2023, 3:56 p.m. Published Sep 8, 2022, 12:30 p.m.
Israel's Capital Markets, Insurance and Savings Authority granted a first permanent license to a private company, Hybrid Bridge Holdings Ltd., to engage in crypto activities, local media outlet Globes reported Wednesday.
- Many companies looking to engage in the crypto industry are still in the process of getting approval from the regulator, the report said.
- Hybrid Bridge is a private Israeli company incorporated in 2021. It's unclear what kind of crypto services the company intends to provide, but it has an active license as a financial services provider in the country.
- In February, global crypto exchange Binance came under the regulator's scrutiny over licensing issues. The Capital Markets Authority ordered Binance to suspend marketing to Israeli users and stop all activities focused on Israel until the issues were sorted.
Read more: Binance Halts Activities in Israel Following Regulator Intervention: Report
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- 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.
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