Dukascopy expands list of cryptocurrencies for MT4 trading accounts

Online trading company Dukascopy makes new crypto instruments available for trading on the MT4 platform.

In addition to BTC/USD, ETH/USD, LTC/USD, BCH/USD and XLM/USD, four new instruments have been added: DSH/USD (Dashcoin), EOS/USD (EOS), TRX/USD (TRON) and XMR/USD (Monero). The new instruments are already available for trading on Demo and Live accounts.

As FX News Group has reported, some of these instruments have already been added to the JForex platform.

Let’s recall that, in September, Dukascopy extended the range of funding methods available to clients by adding the ERC20 Tether token (USDT).

This became the 3rd 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.

Together with the release of the new funding method, the maximum net cumulative amount (i.e. total deposits less total withdrawals) which can be deposited with crypto on a trading account is getting doubled to $100,000. This applies to all 3 crypto-currencies (USDT, ETH and BTC).

Posted on

Leave a Reply

Your email address will not be published. Required fields are marked *