Geneva-based Retail FX broker Dukascopy Bank on Monday announced that is has expanded its range of instruments and will now offer cryptocurrency CFDs for all of its self-trading accounts.
The FX broker introduced the new asset type earlier this month when it began testing the service in a demo environment.
The platform is offering a maximum leverage of 1:3 for BTC/USD CFDs to let its clients hold cryptocurrency CFD positions larger than the amount of fiat currency initially owned, with margin requirement is set to 33 percent.
Similar to other CFD options on the platform, Dukascopy will apply its overnight rollover policy to its crypto CFD clients. According to the policy, the bank will apply different rollover rates to ensure a higher trading turnover which will result in better overnight conditions for clients.
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Expanding crypto services
Dukascopy currently offers spot trading of more than 500 financial instruments through the use of leveraged trading. The scope of the broker’s instruments includes FX currency pairs, metals, commodities, equity indexes, and shares of companies from 14 countries worldwide, along with the newly introduced cryptocurrency assets.
Dukascopy also continues to offer its clients the ability to trade binary options, despite the industry’s substantial deterioration over the past couple of years.
Moreover, the group will enable Bitcoin trading for Dukascopy Europe and other white label partners shortly, as it aims to expand its crypto-based services in the market.
The broker has also shared its plans to offer Bitcoin investments, to buy and sell bitcoins on regular bank accounts, as well as free internal crypto-transfers between users of mobile banking.