Dukascopy, a Switzerland-headquartered foreign exchange (forex) bank and brokerage firm, announced this Tuesday that it has expanded its soft commodities offering by adding three new products.
The new soft commodities are Coffee (COFFEE.CMD/USX), Cotton (COTTON.CMD/USX) and Orange Juice (OJUICE.CMD/USX). The announcement today follows on from an earlier promise by Dukascopy towards the end of February, when the Swiss bank extended the number of tradable instruments on its platform by introducing contracts for differences (CFDs) on soft commodities for the first time.
At the time, as Finance Magnates reported, the broker added CFDs on Cocoa (COCOA.CMD/USD) and Sugar (SUGAR.CMD/USD). At the same time, it promised to add three additional soft commodities in the near future, which were subsequently launched today.
With today’s additions, investors can now trade CFDs on five separate soft commodities. The maximum leverage for the new commodities is 1:30; however, for Dukascopy Europe account holders, leverage is capped at 1:10.
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Dukascopy Launches its Own Crypto Dukascoin
Today’s announcement is the latest for Dukascopy, which has recently revealed a number of changes at the forex bank, including the official launch of its cryptocurrency – the Dukascoin.
As Finance Magnates previously reported, the Swiss-based firm airdropped its own cryptocurrency on the 28th of February this year, one day ahead of its scheduled date as the forex broker wanted to save its self-described designation as “the first regulated bank to launch an ICO.”
“We got to know that Japanese Mizuho Bank has equally announced their token to be unveiled on the same day. We accept the challenge and move the date of the launch to the 28th of February – one day in advance,” the company said in a statement at the time.
At first, Dukascoin tokens will be available as rewards for using Dukascopy’s Connect 911 messenger and the associated MCA accounts.