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 Protección al cliente
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 Protección al cliente
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.
The US will celebrate Thanksgiving Holiday on Thursday 22 November, for special market closures on Thursday and Friday please click here.
After four successful weeks of LIVE FX Trader contest and 4’110 USD of cash prizes paid to 43 winners, Dukascopy Bank announces the start of a new competition between CFD traders – LIVE CFD Trader contest.
Same as in LIVE FX Trader contest 1’050 USD of weekly prize fund will be distributed among 12 winners, with the best profitability during the contest week. The only difference is a list of tradable instruments that consist of Commodity and Index CFDs only. Winners will be announced Fridays after market close.
There is no limitation on the number of contest Community members that can take a part: traders participating in LIVE FX Trader contest are welcome to also join the LIVE CFD Trader contest.
For more information, please read here. The contest is open starting from November 13th.
The top-up of a client’s trading account is made through a one-time receiving address generated in the blockchain wallet of the Bank. The client has to preliminary declare the amount of the transaction and further confirm it providing a unique blockchain transaction identifier (TXID). Deposited crypto-currency will be automatically converted in the fiat currency chosen by the client and credited to the client’s account with the Bank.
When withdrawing funds from a crypto-fundable account, the funds will be automatically converted into crypto-currency and sent to the client’s blockchain wallet address. Withdrawals will be possible only to the client wallet, which would be initially declared by them as a blockchain wallet where the client is the sole owner. All addresses used for the top-up and withdrawal operations of the client will be examined on involvement in illicit or suspicious activities.
During the testing period of the service, the total (net) deposits on the crypto-fundable account is limited to 50'000 USD per client. Participation in the tests of the crypto-funding mechanism will be allowed only for trading accounts and only in Bitcoin. Clients who are interested in participating to the Live testing of this new functionality are invited to contact their Account Managers.
The Bank assures all its business partners that it will apply the highest industry standards of AML and a very careful approach in relation to the operations and accounts of clients associated with the usage of crypto-currencies. All AML requirements applicable to the transactions in fiat currencies are equally applied by the Bank to crypto operations. Specific monitoring methods unique for blockchain industry are used in addition.
Further, the Bank plans to extend the use of this functionality to its own crypto-currency – Dukascoin, which is awaiting a green light from the Swiss Financial Market Supervisory Authority FINMA.