untitled design

Swiss bank Dukascopy adds the ability to deposit and withdraw USDT

Swiss financial services provider Dukascopy Bank SA has added the ability to deposit and withdraw the USDT stablecoin along with ETH for multi-currency account holders.

According to press release, USDT has become the first stablecoin that bank customers will be able to deposit and withdraw from their cryptocurrency wallets. To do this, users must link the USDT address to their multi-currency account, confirming ownership of it. Dukascopy Bank customers have the opportunity to make transactions with ether in the same way.

The bank’s management said that if customers are interested in a wider range of cryptocurrencies, they can use the peer-to-peer digital asset exchange service that the bank recently launched. Currently, the P2P platform supports 12 major cryptocurrencies, but this list is planned to be expanded by adding other altcoins and non-fungible tokens (NFTs).

In early May, Dukascopy Bank received a license from the Swiss Financial Market Supervisory Agency (FINMA). The license allows the bank to provide services for the exchange of cryptocurrencies, the provision of fiduciary deposits in digital assets, as well as the investment in cryptocurrencies and their storage on behalf of clients.

Dukascopy Bank has been active in the digital asset space for several years. In 2019, the broker began partnering with the Bitstamp cryptocurrency exchange to enable clients to buy bitcoins with fiat currencies.

Source: Bits

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular