Discover the most liquid and most used pairs for cryptography for the new Israeli shekel. These pairs are the bridge between the traditional financial system and the crypto for the new Israeli Shekel.
In Israel, the most commonly negotiated fixed cryptocurrency pairs involving the new Israeli shekel (they) understand:
Eth / they
BNB / They
XRP / They
Ada / they
Point / they
Avax / they
LTC / They
Doge / they
Ton / they
TRX / They
Shib / they
Sui / they
Regarding the cryptocurrency market in Israel, here are some key points to consider:
Taxation: The benefits of cryptocurrency transactions are considered capital gains and are taxed at a rate of 25%. People involved in the extraction or trade of cryptocurrencies as a company are subject to corporate income tax and can also be responsible for value added tax (VAT).
Regulatory environment: Cryptocurrencies are not recognized as a legal obligation in Israel. The Israeli tax authority classifies them as assets, making them submit to capital gains tax. Individuals can exchange cryptocurrencies for ILA, but the government does not support any digital currency. The country explores a digital currency of the central bank (CBDC), called the digital shekel.
Market growth: Israel has experienced significant growth in the adoption of cryptocurrencies. In 2023, around 1.24% of Israelis had cryptocurrency; This figure has now increased to 7.3%. The country’s robust technological ecosystem has contributed to this increase, with many startups and established companies engaging in the cryptographic space.
Investment opportunities: Israeli companies have been active in the cryptocurrency sector, with companies like Etoro and Fireblocks leading to fundraising. Over the past decade, cryptographic companies in Israel have raised around $ 3.8 billion, with $ 1.7 billion from only six companies.
