Dukascopy Bank starts CFD on Ether trading operations

Dukascopy Bank starts CFD on Ether trading operations

Continuing infrastructural preparation for its own ICO for cryptocurrencies on Ethereum blockchain, Geneva based Retail FX broker and bank Dukascopy has announced that it has started trading operations on Ether to US dollar (ETH/USD) CFD.

Starting from today trading on ETH/USD CFD is available for Dukascopy Bank and Dukascopy Europe self-trading accounts. ETH/USD trading conditions are similar to BTC/USD. The applicable leverage for this CFD type will be 1:3 in Dukascopy Bank and due to ESMA regulation 1:2 in Dukascopy Europe.

Except for marginal trading operations, Ether will be available for clients with Mobile Current Account (MCA). They will be able to hold Ether on their Dukascopy Bank accounts and transfer it to other MCA clients. Same as Bitcoin, transfers of Ether CFD between MCA clients will be instant and free of charge.

The next important element of the bank crypto infrastructure is to provide withdrawals and deposits for MCA and trading accounts by means of cryptocurrencies which is expected in the near future.

Crypto funding means that clients of Dukascopy Bank will be able to transfer funds to/from the bank not only in FIAT currencies, but also in crypto currencies to/from their crypto wallets. At first the bank will test the crypto funding concept on bitcoin. The crypto funding element should become a significant part of Dukascopy’s infrastructure which later will be used also for its own cryptocurrencies.

The ICO of Dukascoins/Dukasnotes is subject to a green light from the Swiss Financial Market Supervisory Authority (FINMA).

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