Swiss Dukascopy Bank Unveils Innovative Crypto Lending Program

Switzerland’s Dukascopy Bank has taken a significant leap in the crypto space by introducing an innovative crypto lending solution. This program is designed to offer cryptocurrency holders immediate access to cash without parting with their crypto assets.

How the Program Works:

1. Open a Multi-Currency Bank Account (MCA): Begin by setting up an MCA with Dukascopy, which will serve as the primary account for the lending process.
2. Transfer Cryptocurrency: Users can easily move their cryptocurrency from their blockchain wallet to the Dukascopy MCA.
3. Secure Your Investment: Navigate to the “Investment” tab in the MCA and opt for the “Crypto lending/borrowing” feature.
4. Finalize the Trading Agreement: Upon selection, users will receive an email containing the credentials for their trading subaccount.
5. Utilize Your Funds: The crypto assets are converted into fiat currency. Half of this amount remains in the MCA, while the other half is moved to the trading subaccount as collateral. This action also initiates a position equivalent to the initial crypto investment.

For a comprehensive understanding and to access the crypto lending calculator, users can visit the bank’s official website.

Settlement Illustration: For instance, if a user deposits 0.1 Bitcoin (valued at $20,000 per Bitcoin) into their MCA:

• They will have $1,000 (representing 50% of the market value) in the MCA.
• The remaining $1,000 will be directed to the trading subaccount.
• An automated long position of 0.1 BTC/USD at the current rate of $20,000 per Bitcoin will be initiated in the trading account. This ensures the original 0.1 Bitcoin investment remains intact.

Optimized Management of Investments

Dukascopy’s trading platform, JForex, is designed for optimal management of transferred assets. Users can effortlessly transfer their investments back to the MCA without any charges, provided the MCA has adequate funds.

Diverse Trading Opportunities

JForex offers a plethora of trading instruments, over 1200 to be precise. The platform requires minimal capital for marginal trading, making it easier to add positions. It also boasts various tools to enhance the trading experience. For a deeper dive into JForex and its offerings, users can visit Dukascopy’s official website. Dukascopy Bank, a trusted name in the Swiss financial sector, guarantees the security of clients’ crypto assets. With this new offering, clients can fully harness the potential of their cryptocurrency investments.

About Dukascopy Bank SA: Founded in 2004, Dukascopy Bank SA stands as a leading Swiss financial entity, regulated by the Swiss Financial Market Supervisory Authority (FINMA). With a legacy spanning over two decades, Dukascopy’s dedication to innovation and customer service remains unparalleled.

Disclaimer:

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Bullish Times is a marketing agency committed to providing corporate-grade press coverage and shall not be liable for any loss or damage arising from reliance on this information. Readers should perform their own research and due diligence before engaging in any financial activities.