Dukascopy raises crypto deposit limits

Dukascopy Bank is extending the range of funding methods available to clients by adding the ERC20 Tether token (USDT).

This becomes the 3rd crypto-currency after Bitcoin (BTC) and Ether (ETH), which can be used to deposit and withdraw funds from a trading account opened as “crypto-fundable”.

The crypto-currency (USDT, ETH or BTC) is the payment vehicle, at arrival it is automatically converted into the base currency of the account (US Dollar) and credited to the client’s account with the Bank. Likewise, when withdrawing funds from a crypto-fundable account, those are debited in USD and automatically converted into crypto-currency and sent to the client’s registered blockchain wallet address.

Together with the release of the new funding method, the maximum net cumulative amount (i.e. total deposits less total withdrawals) which can be deposited with crypto on a trading account is getting doubled to $100,000. This applies to all 3 crypto-currencies (USDT, ETH and BTC).

Several days ago, Dukascopy further expanded the range of crypto instruments.

New pairs Dashcoin vs US Dollar (DSH/USD), EOS vs US Dollar (EOS/USD), TRON vs US Dollar (TRX/USD) and Monero vs US Dollar (XMR/USD), have been added on JForex LIVE environment for clients of Dukascopy Bank and Dukascopy Europe.

The total number of offered crypto currency pairs has reached nine. Alike other cryptocurrency instruments, CFDs on Dashcoin, EOS, Tron and Monero will be traded 24/7. It is also planned to add DSH/USD, EOS/USD, TRX/USD and XMR/USD for MT4 platform users soon.