Dukascopy Extends Rang of Funding Methods to Include Tether

Swiss-based online FX trading platform Dukascopy announced that it has extended the range of funding methods available to clients by adding the ERC20 Tether token (USDT).

According to the announcement, the newly-added token becomes the third crypto-currency after Bitcoin (BTC) and Ether (ETH), which can be used to deposit and withdraw funds from a trading account opened as "crypto-fundable".

The crypto-currency (USDT, ETH or BTC) is the payment vehicle, at arrival it is automatically converted into the base currency of the account (US Dollar) and credited to the client's account with the Bank.

Likewise, when withdrawing funds from a crypto-fundable account, those are debited in USD and automatically converted into crypto-currency and sent to the client's registered blockchain wallet address.

In addition to the the release of the new funding method, Dukascopy also announced to increase its deposit limits with cryptocurrencies. The maximum net cumulative amount which can be deposited with virtual currencies got doubled to $100,000, effective immediately to all three cryptos available for deposit at the company.

This week, Dukascopy has furthered introduction of new crypto instruments to its offerings, including Dashcoin vs US Dollar (DSH/USD), EOS vs US Dollar (EOS/USD), TRON vs US Dollar (TRX/USD) and Monero vs US Dollar (XMR/USD).