Dukascopy announces Crypto Exchange Smart Valor as partner to help clients trade a wider cryptocurrency market of 176 digital assets using Swiss bank accounts.
Dukascopy announced a new partnership with the digital asset exchange Smart Valor. This API-integrated partnership will offer trading environments access to 176 digital asset pairs using Swiss bank accounts that support 22 global currencies.
To enjoy this facility, the client must have an account with Dukascopy and Smart Valor. The two accounts need to be linked to the Smart Valor interface. Once linked, Dukascopy's specially created 'partner' fiat sub-account can be used for buying and selling cryptocurrencies on the exchange. In essence, Dukascopy only takes care of the flow of fiat funds, while operations with crypto are entirely under the Smart Valor.
Dukascopy has actually been developing crypto-fiat functionality over the past few years. Now, clients are able to trade crypto on Dukascopy via four methods:
- Clients can earn crypto (ETH, BTC, USDT) as investments directly from Dukascopy accounts and withdraw them to the blockchain.
- Clients can buy crypto from any of the Bank's crypto exchange partners.
- Clients can purchase crypto from other Dukascopy clients using the P2P crypto-fiat exchange service recently launched by the Bank.
- Dukascopy offers leveraged trading of crypto pairs on brokerage accounts using its professional trading platform.
Dukascopy Bank Co-CEO Dr. Andre Duka comments:
"Despite the recent swings in the crypto markets, we at Dukascopy Bank continue to witness the growing interest and demand from our international client base to this domain of instruments. Therefore, we ceaselessly work to improve our crypto infrastructure in all possible directions including the formation of new partnerships. We are welcoming the Smart Valor Exchange as a new member of our ecosystem and have no doubt that the clients of both institutions will gain from our collaboration."