Dukascopy Enhances Crypto Offerings Adding 10 New Instruments

Swiss online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, Dukascopy has expanded its cryptocurrency offering with ten new crypto-fiat trading pairs. It added some of the popular Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term that are highly in demand among retail traders.

“Dukascopy continues its crypto expansion by significantly improving its overnight rates for crypto instruments together with launching trading for 10 new cryptocurrency pairs,” the brokerage stated in the official announcement.

The newly appended cryptocurrencies are Cardano, Aave, Basic Attention Token, Compound, Enjin, Chainlink, Polygon, Maker, Uniswap and Yearn Finance. All of them have been added against the US dollar.

Bullish on Crypto

Dukascopy remains one of the early adopters of cryptocurrencies and even launched its native Dukascoin. With the latest addition of the ten crypto-fiat pairs, the platform is now offering a total of 19 crypto instruments.

“Dukascopy continuously expands its list of trading instruments to meet customer's requests,” the broker mentioned. It even put Tether as a deposit method recently and increased maximum crypto deposit limits to $100,000 to encourage traders in the booming crypto market.

As detailed in the official announcement, the new crypto trading instruments will be available for traders with Dukascopy Europe JForex self-trading accounts. However, the Swiss brokerage is determined to bring crypto CFDs trading on the legacy MetaTrader 4 trading platform and launched the services for some of the pairs.

Meanwhile, Dukascopy has continued to attract trades attention when retail trading demand is going through the roof. The company ended the fiscal year 2020 with a record net profit of CHF 10.4 million, which is 374 percent higher than the previous year. Most recently, Finance Magnates reported that the broker has strengthened its balance sheet by increasing total assets by 9.8 percent.