Dukascopy is glad to expand the range of instruments with a new asset type: CFDs on cryptocurrencies. Bitcoin to US Dollar (BTC/USD) with leverage 1:3 have been added on DEMO environment in response to many trader requests. Live environment will follow soon.
New service is inline with general decision of Dukascopy Bank to become crypto friendly. This concept will be supported with other new developments which are currently in the pipeline and will be announced within 2018.
Cryptocurrency (Crypto) is a financial instrument that allows speculative operations with leverage on digital currency movement up as well as down of the most liquid instruments.
Margin trading on Crypto allows you to store Crypto without holding a digital wallet as you do not own the underlying asset; thus, you avoid the risk of being robbed. The order execution time for margin trading on crypto is much faster than buying or selling the real asset on the underlying market.
At the same time, you can hedge and diversify your risks on Crypto with regulated Swiss Forex Bank which has more than 10 years experience in financial industry and a large list of different services.
Please keep in mind that you do not own the underlying instrument and price of the crypto varies greatly on different crypto exchanges all around the world.
Features of Crypto Trading
Margin trading on Crypto provides great opportunity for traders to:
- Trade Long and Short – it is easy to speculate in both sides and earn on any price movement.
- Use leverage – borrow funds from Dukascopy and trade with greater amounts than your actual deposit.
- Trade safely – no need to store Сrypto in a digital wallet.
- Protected deposit - Client deposits at Dukascopy Bank are protected in the amount of CHF 100,000 by FINMA; deposits of clients of Dukascopy Europe are protected in the amount of EUR 20,000 by EU regulation.
- Hedge risks on the underlying market – if you hold actual digital currency you may open short position on it and lock the price.
Attention: Crypto is unregulated and highly volatile.
Trump has declared that the United States could become the global capital of the crypto industry. To achieve this, he proposes reducing regulatory pressures.
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