Due to a dramatic increase in the demand for MCA account services and access to our new cryptocurrency from the side of legal entities, Dukascopy Bank has decided to open the Dukascoin airdrop to this category of customers. We would like to remind everyone that earlier legal entities had only two options for obtaining Dukascoins: either to become a Referrer and get Dukascoins for new MCA account holders or to buy Dukasoins on our internal marketplace. Starting from next week legal entities which will open MCA accounts will get 5 Dukascoins for free. Thus, all clients who will open an MCA account will be eligible to participate in the Dukascoin airdrop.
Dukascopy Bank is happy to notice all readers and clients that a record mark of the daily new MCA account registrations has been set on March 13th.
727 new clients joined our family of satisfied MCA account holders during only one day! We strongly believe that this mark will not hold long. According to our statistics the average daily number of registrations of the new MCA accounts has doubled every quarter. We see the tendency that every three months the number of daily registrations doubles. In January 2018 we had started from the shy average figure of 22 accounts per day. And in only one year our retail banking team has hit a new impressive peak!
We really appreciate the trust of all our clients and prospects relying on our services! Stay tuned!
After historical moment yesterday when the first Coin Reward deposit had been registered (see communication from 12.03.2019) Dukascopy Bank is pleased to notify about another historical event - first yearly deposit in Dukascoins with a Fiat Reward is registered! The amount of this first fiat rewarded deposit is 2000 Dukascoins and the yearly return for the lucky owner is 1000 EUR! According to the Fiat Reward program conditions the reward of 0.5 EUR for every Dukascoin deposited is paid at the beginning of the deposit term and is blocked until the expiration date.
Dukascopy Bank congratulates the lucky holder of that deposit! This client managed to accumulate the amount deposited at the average exchange rate of 0.87 EUR for 1 Dukascoin. It means that the effective reward for the deposit is 57%. Bravo!
The Bank would like to remind users that till the end of March 2019 the minimum required amount of the Fiat Reward deposit is reduced to only 1000 Dukascoins! Clients interested in this offer are advised to get a confirmation from Dukascopy Bank prior to acquire Dukascoins for this purpose since Dukascopy Bank has a discretionary right to limit its offer. Please, take a look at the detailed description of the program here.
Dukascopy Bank is glad to notify that the first yearly deposit in Dukascoins is registered! The amount of the first deposit is 1024 Dukascoins and the yearly return for the lucky owner is 40% paid in Dukascoins. According to the program conditions the Coin Deposit Reward is paid at the beginning of the deposit term and is blocked until the term expiration.
Dukascopy Bank congratulates the lucky holder of that first deposit with an opportunity to obtain Dukascoins at a current extremely lucrative exchange rate.
The Bank would like to remind users that the return on a one year deposit is progressive up to 100% and significantly depends on the allocated amount. Please, take a look at the detailed description here.
Clocks will be advanced by 1 hour this Sunday 10 March in the US eastern time zone (EST). The FX trading day ending at 5pm NY time and Dukascopy Market opening and settlement time will be changed from 22:00 GMT to 21:00 GMT effectively this Sunday 10 March 2019.
Dukascopy settlement will return to Winter schedule on Sunday 3 November.
As we communicated earlier, Dukascopy Bank was striving to become the first regulated bank to launch its own cryptocurrency. The start of the project was planned for the 1st of March. However, we got to know that Japanese Mizuho Bank has equally announced their token to be unveiled on the same day. We accept the challenge and move the date of the launch to the 28th of February - one day in advance. We believe that our great team developing this project for many months with incredible enthusiasm deserves to be the first worldwide. Please meet Dukascoin - the first cryptocurrency issued by a regulated bank. All details and related information including white paper are available at www.dukascoin.com. Information for press can be found here.
Starting from today, anyone can participate in the Airdrop, trade Dukascoin at the marketplace and enjoy its benefits.
Below we publish an open letter from the bank's co-CEO Dr Andre Duka.
An open letter from Dr Andre Duka, CEO-CTO of Dukascopy Bank SA
Today, Dukascopy Bank is officially launching its crypto token – Dukascoin (DUK+) – the first payment coin issued for public use by a licensed and regulated bank, a Swiss bank at the least. I take this big event as a historic milestone for both the blockchain industry and the traditional banking sector. Recently, we have observed many announcements from banks about their in-house crypto projects, yet, to the best of my knowledge, no working solutions have been deployed to the market. In our case, we confirm the real start of a bank’s crypto currency after a year of intense legal, technological and emotional effort that has required the consolidation of all our skills and knowledge.
So, how does the first banking cryptocurrency look like?
Our project significantly differs from any other cryptocurrency offered to the audience so far. The Dukascoin’s uniqueness is not about the blockchain design complexity – in contrast, we have intentionally meant it to remain unsophisticated, for which we have picked a popular ERC-20 standard on the Ethereum blockchain and the Airdrop concept of token distribution. Issuance of new tokens will be free of charge and limited to new current accounts opening at Dukascopy Bank, whereby each new client will get 5 Dukascoins for free and an equal amount will be granted to a referrer if any exists. The bank itself will receive 10 new coins from undistributed tokens every time a new account is created. These coins will be used to pay rewards, support liquidity and for other similar purposes. Our project is unique because the Dukascoin will simultaneously reside in two environments – in the blockchain and in the books of a regulated bank. It means that when clients keep the coins inside Dukascopy, they can enjoy multiple benefits, for example, the Swiss deposit insurance scheme covering CHF 100,000, protection against bankruptcy of the bank, client may execute free and instants transfers of coins inside Dukascopy by simply knowing the receiver’s phone number, at the same time all counterparties associated with the transfers are duly identified (not anonymous) as they become clients of a Swiss bank. All clients have an opportunity to use standard banking services like payment cards, investments, cheap currency exchange etc. And finally, bank’s clients are always free to move their coins outside of the bank, exiting the secure area of the regulated bank in favor of risks and freedom of the blockchain.
To sell and buy Dukascoins, the bank has created a secure internal marketplace that is designed as an easy-to-understand bulletin board that is linked to clients’ accounts at the bank. It allows posting conditional orders (providing liquidity) or picking the desired orders from other participants (using liquidity). All transactions executed on the internal marketplace are secured by the bank, so the client should not worry about receiving expected value when the transaction is accepted by a third-party. Another essential benefit of Dukascopy marketplace is a possibility to get a recognized bank statement that would be acceptable for other financial institutions and official authorities.
At the same time, I invite any reputable third-party crypto-exchange that would want to list the Dukascoin, to get in contact with the bank and we together will design a cooperation model.
To support Dukascoin liquidity, the bank has developed a special program to remunerate large providers of liquidity. Also, the bank will offer a system of significant rewards motivating Dukascoins savings. Rewards will be based on both crypto and fiat currencies. Additionally, there is a special offering for Dukascopy brokerage and trading clients who will benefit from using Dukascoins to fund trading accounts.
As a CEO of the bank, I’m excited about the project and invite everybody to take a look at the unique opportunities which will be offered at the initial stage of the project. I guarantee there are many interesting options worth exploring. Those who are interested to follow the Dukascoin project, I welcome to check the web site www.dukascoin.com that was specifically created for the cryptocurrency project. There you can find all the latest news, features, dates as well as the project’s white paper.
Please mind that contrary to the fraudulent allegations of GCG Asia, GCG Asia is not in collaboration with Dukascopy Bank or with any other entity of Dukascopy Group.
GCG Asia is fraudulently using Dukascopy's name and logo for attracting clients/investors, without Dukascopy Bank's permission. We are taking actions against this dishonest organisation.
We invite to extreme caution toward such organisation basing its promotion on a lie. Further advice is available at Ochrona klienta
请注意相关针对鉅富金融（GCG Asia）违反欺诈的指控，鉅富金融（GCG Asia）没有与杜高斯贝银行或杜高斯贝集团的任何其他实体合作。
我们呼吁远离这家虚假宣传的公司并采取极端谨慎的态度。获取更多建议，请访问 Ochrona klienta
Dukascopy Bank extends the list of tradable instruments by introducing CFDs on Soft Commodities and expanding the range of Indices.
2 new commodities and 1 stock index have been added on Live and Demo:
3 new commodities will become available for trading soon:
At Dukascopy Bank the maximum leverage is 1:30 for the new commodities and 1:100 for the Index, for Dukascopy Europe account holders a leverage of 1:10 is applied.
For more detailed information about the trading conditions please consult Range of markets and Overnight policy sections of the website.
The Spain 35 Index (ESP.IDX/EUR) has returned to its regular leverage of 1:100 for Dukascopy Bank account holders.
Please beware of special trading breaks for CFD's and Bullion on Monday 18th February due to President's Day.
The detailed market closures can be found here.
Please beware of special trading breaks for CFD's and Bullion on the coming Monday 21st January due to Martin Luther King Jr. Day.
The detailed market closures can be found here.
Following its Dukasсoin project road map Dukascopy Bank SA is proud to announce that the project’s website (www.dukascoin.com) is currently on-line. Visitors can find general information about the project, up-to-date news and download the first official release of the Dukascoin White Paper.
After months of fine tuning the project concept with independent professionals, auditors and approval from the side of the Swiss financial regulator FINMA, Dukascopy Bank SA is ready to publish the document clearly describing the goals of the first cryptocurrency by a regulated Swiss bank and methods how the bank is planning to achieve those goals. Nevertheless Dukascopy Bank SA is open for propositions, ideas, comments and suggestions generated by the community regarding the White Paper topic. Those who want to share their ideas and comments may do so by e-mail address at [email protected]
Dukascopy Bank SA is planning to launch the service on-line starting from March, 1 2019. Information regarding Dukascoins in circulation, exchange rate, real-time chart and market depth will become live after the project launch.
Leverage will be reduced to 1:30 for GBR.IDX/GBP, BRENT.CMD/USD, LIGHT.CMD/USD and GBP related FX instruments. It applies to all trading accounts without exception as of Friday 11-Jan-2019 at 18:00 GMT.
We expect an increase in volatility and risk of gaps for these instruments in view of the British parliamentary vote. It is scheduled for Tuesday 15-Jan-2019 to approve or reject the Brexit proposal that prime minister May has negotiated with EU member states.
The reduced leverage shall remain in place until Dukascopy Bank has decided that market volatility has returned to acceptable levels. We estimate to return to normal conditions on Wednesday 16-Jan-2019.
Dukascopy Bank is proud to announce that FINMA has informed us today, that there are no further regulatory obstacles to Dukascopy’s own crypto project. The Dukascoin will be the first ever cryptocurrency of a Swiss Bank.
The preliminary version of a White Paper was originally published on 27.09.2018 to attract critics and call on experts' opinions. We would like to thank all professionals who contacted us and who have contributed to refine the project. Dukascopy will publish an updated version of the White Paper soon and inform about further steps and deadlines.
Public launch of the Dukascoin is expected at first of March 2019. Until then we have yet to finalize the environment and to pass audit and bounty test. It is with great joy that we proclaim today the start of the era of the Dukascoin - first ever crypto currency issued by a bank under strict regulations.
Dukascopy Bank extends the list of its LIVE trading contests by introducing Live Binary Trader contest.
200 USD will be distributed every contest day to the 10 best Binary traders. We welcome Dukascopy Bank clients to show their trading abilities in new contests and to be rewarded with money prizes free of any conditions.
To participate in the contest balance of a dedicated LIVE Binary account needs to be at least 25 USD (or 25 EUR or 25 CHF) at contest day. To win the Binary trader has to reach the highest profit percentage from invested funds during contest day.
For more information, please read here. The contest is open starting from December 17th.
Detailed information about MT4 accounts can be found on the website.
Leverage will be reduced to 1:30 for GBR.IDX/GBP, BRENT.CMD/USD and LIGHT.CMD/USD. It applies to all trading accounts without exception as of Friday 07-Dec-2018 at 18:00 GMT.
We expect an increase in volatility and risk of gaps for these instruments in view of the British parliamentary vote. It is scheduled for Tuesday 11-Dec-2018 to approve or reject the Brexit proposal that prime minister May has negotiated with EU member states.
The reduced leverage shall remain in place until Dukascopy Bank has decided that market volatility has returned to acceptable levels. We estimate to return to normal conditions on Wednesday 12-Dec-2018.