Despite the lack of global regulation and a long period of decline in cryptocurrency prices, the intensive integration of digital assets into the traditional financial sector continues. One of the leading Swiss online banks Dukascopy Bank announced the conclusion of a partnership agreement with the cryptocurrency exchange Bitstamp, Bitcoin.com reports.
Dukascopy Bank is located in Geneva and specializes in trading fiat money and precious metals with both retail and institutional investors. Partnerships with Bitstamp allow you to expand the services provided to customers, and "… enter them into the world of trading digital currencies ."
“Bank customers will be able to directly transfer Bitcoins to their bank accounts. The cryptocurrency will be automatically converted into dollars, which the user can use to trade on the Dukascopy platform. The reverse withdrawal of the dollar to a bitcoin cryptocurrency wallet is also possible. ”
Currently only operations with BTC are available. It should be noted that the regional offices of the bank are located in Hong Kong, Kiev, Riga, Tokyo, Moscow, which will allow a huge number of bank clients to be involved in the cryptocurrency industry.
“The main goal of our partnership is to blur the line between traditional financial institutions and the cryptocurrency industry ,” said a Bitstamp representative.
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