Dukascopy Bank Introduces Crypto Lending Program for Instant Cash Access
Dukascopy Bank, a leading financial institution in banking and investing, has launched a groundbreaking crypto lending program. This innovative service enables cryptocurrency owners to access cash quickly without selling their digital assets. With Dukascopy’s crypto lending program, you can borrow up to 50% of the value of your crypto assets without any repayment commitments.
How to Get Instant Cash Access and Keep Your Investments
Follow these step-by-step instructions to access instant cash while retaining your investments:
- Open a Multi-Currency Bank Account (MCA): Start by setting up a multi-currency bank account with Dukascopy. This account will serve as your central hub for crypto lending.
- Simple Cryptocurrency Transfer: Effortlessly transfer your cryptocurrency holdings from your blockchain wallet to the Dukascopy MCA.
- Protect Your Investment: Navigate to the ‘Investment’ section of the MCA and select the “Crypto lending/borrowing” option.
- Complete the Trading Agreement: Upon selecting this option, you will receive an email containing login details for your trading subaccount.
- Access Your Funds: Your crypto investment will be converted into regular currency. Half of it remains in the MCA, while the other half is transferred to the trading sub-account as collateral. This process allows you to utilize the converted currency for various financial activities.
You can find detailed information and use a crypto lending calculator on Dukascopy’s website.
Settlement Example
Let’s consider an example: If you fund your MCA account with 0.1 Bitcoin at a price of $20,000 per Bitcoin, you can choose to keep your investment and access 50% of its value:
- You will receive $1,000 (50% of market value) in your MCA account.
- The remaining $1,000 (50% of market value) will be deposited into your trading sub-account.
- An automated long position of 0.1 BTC/USD at the prevailing price will be opened in your trading account. This ensures the retention of your initial 0.1 Bitcoin investment in the trading account.
Efficiently Manage Investments with Dukascopy’s Trading Account
Dukascopy’s trading account allows you to effortlessly manage your transferred investments. Upon signing up, you will receive login details to access the Dukascopy trading platform, JForex. Additionally, if your Multi-Currency Account (MCA) has sufficient funds, you can transfer your investments back to it without any fees.
Lots of Choice and Flexibility
Transferring investments to JForex grants you access to over 1,200 different trading options. This wide selection ensures that you have ample flexibility and can explore various investment opportunities. Moreover, with the marginal trading account on JForex, you don’t need large capital to start investing, making it easier to expand your portfolio and embrace new investments.
To enhance your investment journey, JForex offers a range of tools such as an easy-to-use graphical interface, the ability to set pending orders, and personalized price alerts. These tools help you keep track of your investments and manage them with ease.
For more details about JForex trading accounts and to explore DEMO trading account options, visit Dukascopy’s website. Dukascopy Bank, a reputable Swiss financial institution, is committed to safeguarding your crypto assets and ensuring their safety. Dive into the world of Dukascopy’s crypto-related products and make the most of your cryptocurrency holdings.
About Dukascopy Bank SA
Dukascopy Bank SA, founded in 2004, is a respected Swiss financial institution regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a bank and securities firm. With a focus on innovation and customer satisfaction, Dukascopy has been at the forefront of financial services for over two decades.
Hot Take: Dukascopy Bank Revolutionizes Crypto Lending for Instant Cash Access
Dukascopy Bank has introduced a groundbreaking crypto lending program that allows cryptocurrency owners to access cash quickly without selling their digital assets. By following simple steps, you can tap into 50% of your crypto assets’ value without any repayment commitments. This innovative service provides flexibility and convenience for managing your investments while ensuring the safety of your crypto holdings. With access to over 1,200 trading options through Dukascopy’s trading platform, you can explore various investment opportunities. The user-friendly interface and helpful tools make it easy to monitor and manage your investments effectively. Discover the world of Dukascopy’s crypto-related products and maximize the potential of your cryptocurrency portfolio.
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