Copy link
Increase text size
Decrease text size
Link copied

Switzerland’s Dukascopy Bank partners with Bitstamp cryptocurrency exchange

Mon, 28 Jan 2019, 03:48 am UTC

Dukascopy Bank, a leading Swiss online bank, has entered into a partnership with cryptocurrency exchange Bitstamp in a bid to enable crypto funding on its platform.

Headquartered in Geneva, Dukascopy Bank provides Internet-based and mobile trading services (with focus on foreign exchange, bullion, CFD and binaries), banking and other financial services through proprietary technological solutions.

Through its partnership with Bitstamp, Dukascopy will allow its clients to send bitcoins to their accounts, which will then be converted to US Dollars and can be used to trade on the Swiss FX Marketplace. In addition, clients would also be able to withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

“Bitstamp will serve the needs of Dukascopy in exchanging fiat funds to bitcoins and back,” Bitstamp said.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance. It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

In September 2018, Dukascopy Bank announced its own crypto initial coin offering (ICO) projects. In December, it received the required approval from the Swiss Financial Market Supervisory Authority FINMA for Dukascoin -- the first ever ICO of a Swiss Bank.

Earlier this month, the bank launched Dukascoin project’s website. According to the official release:

“Dukascopy Bank SA is planning to launch the service on-line starting from March, 1 2019. Information regarding Dukascoins in circulation, exchange rate, real-time chart and market depth will become live after the project launch.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,595.58 (-1.57%)
  • Ethereum (ETH) $238.91 (-0.73%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $250.06 (-1.58%)
  • Bitcoin SV (BSV) $195.39 (-1.87%)
  • Bitcoin (BTC) $9,595.58 (-1.57%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft