Dukascopy launches live trading on BTC

27 March, 2018

Dukascopy Bank, which also owns a brokerage of the same name, announced it is launching live trading on CFDs on the BTC/USD pair, with a leverage of up to 1:3.

The clients will be able to trade on both rising and falling markets – same as Forex trading and have hedging possibilities. They do not need to store cryptocurrencies in a digital wallet. Besides, the client funds are protected (unlike with most crypto exchanges) in the amount of CHF 100 000 for Dukascopy Bank clients and in the amount of EUR 20 000 for Dukascopy Europe clients.

The trading of the new instrument will be enabled for the white label partners and Dukascopy Europe shortly. Additionally, Dukascopy Bank says it will offer bitcoin investments, to buy & sell bitcoins on regular bank accounts, as well as free internal crypto transfers between users of mobile banking. The demo trading of the instrument was launched several weeks earlier.

Dukascopy is among the late comers in the cryptocurrency CFD market, which was joined by a lot of forex brokerages with the soaring popularity of cryptocurrencies in 2017.

Dukascopy Bank is licensed as a bank and as a securities dealer by Switzerland’s Financial Market Supervisory Authority (FINMA). It was set up in 2004 and is based in Switzerland’s Geneva, but also operates globally through offices in Zurich, Riga, Kiev, Moscow, Kuala Lumpur and Hong Kong.


Link:   Cryptocurrency: Bitcoin
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