Swiss Bank Launches a Revolutionary Crypto Lending Solution
The post Swiss Bank Launches a Revolutionary Crypto Lending Solution appeared on BitcoinEthereumNews.com. Geneva, Switzerland, October 16th, 2023, Chainwire Dukascopy Bank, a pioneer in financial innovation, is proud to announce the launch of its groundbreaking crypto lending program, offering cryptocurrency owners an opportunity to access instant cash while retaining their crypto investments. Instant Access to Cash While Keeping Investments Dukascopy’s crypto lending program allows users to unlock the value of their cryptocurrency holdings, providing access to 50% of their asset’s value without the burden of repayment. Step-by-step instructions to getting instant cash access, while keeping investments: Open a Multi-Currency Bank Account (MCA): Clients should start by setting up a multi-currency bank account with Dukascopy. This account will act as their central hub for crypto lending. Simple Cryptocurrency Transfer: Clients can effortlessly transfer their cryptocurrency holdings from their blockchain wallet to the Dukascopy MCA. Protect Your Investment: Clients are advised to navigate to the ‘Investment’ section of the MCA and select the “Crypto lending/borrowing” option. Complete the Trading Agreement: After selecting this option, clients will receive an email containing login details for their trading subaccount. Access Your Funds: The client’s crypto investment is converted into regular currency. Half of it remains in the MCA, while the other half is transferred to the trading sub-account as collateral. This also opens a position that corresponds to the initial crypto investment. This process provides a seamless transition of digital assets from the blockchain to the Dukascopy account, enabling clients to utilize the converted regular currency for various financial activities. This straightforward process allows cryptocurrency holders to transition their digital assets from the blockchain to their Dukascopy account, enabling them to utilize the acquired fiat currency for various financial needs. Detailed information and a crypto lending calculator can be found at: https://www.dukas.io/borrow-against-your-crypto/ Settlement Example As an example, if client funds their MCA account with 0.1 Bitcoin at a…
The post Swiss Bank Launches a Revolutionary Crypto Lending Solution appeared on BitcoinEthereumNews.com.
Geneva, Switzerland, October 16th, 2023, Chainwire Dukascopy Bank, a pioneer in financial innovation, is proud to announce the launch of its groundbreaking crypto lending program, offering cryptocurrency owners an opportunity to access instant cash while retaining their crypto investments. Instant Access to Cash While Keeping Investments Dukascopy’s crypto lending program allows users to unlock the value of their cryptocurrency holdings, providing access to 50% of their asset’s value without the burden of repayment. Step-by-step instructions to getting instant cash access, while keeping investments: Open a Multi-Currency Bank Account (MCA): Clients should start by setting up a multi-currency bank account with Dukascopy. This account will act as their central hub for crypto lending. Simple Cryptocurrency Transfer: Clients can effortlessly transfer their cryptocurrency holdings from their blockchain wallet to the Dukascopy MCA. Protect Your Investment: Clients are advised to navigate to the ‘Investment’ section of the MCA and select the “Crypto lending/borrowing” option. Complete the Trading Agreement: After selecting this option, clients will receive an email containing login details for their trading subaccount. Access Your Funds: The client’s crypto investment is converted into regular currency. Half of it remains in the MCA, while the other half is transferred to the trading sub-account as collateral. This also opens a position that corresponds to the initial crypto investment. This process provides a seamless transition of digital assets from the blockchain to the Dukascopy account, enabling clients to utilize the converted regular currency for various financial activities. This straightforward process allows cryptocurrency holders to transition their digital assets from the blockchain to their Dukascopy account, enabling them to utilize the acquired fiat currency for various financial needs. Detailed information and a crypto lending calculator can be found at: https://www.dukas.io/borrow-against-your-crypto/ Settlement Example As an example, if client funds their MCA account with 0.1 Bitcoin at a…
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