Andreas Townsend

3 months ago

Regulation is an essential subject in the crypto space these days, and all regulated entities are providing more trust to interested people in the crypto space.

Dukascopy Bank is a Swiss bank based in Geneva, Switzerland which offers clients Internet-based and mobile trading services, aside from banking and various financial services.

The bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and has offices across the globe.

The first digital asset issued by a regulated Swiss bank

The bank mentioned above issued Dukascoin (DUK+) which became the first digital asset issued by a Swiss regulated bank. It’s developed on the Ethereum blockchain and offers the highest standards of the Swiss industry for operations in the crypto space.

The coin has been designed as a payment and speculative utility.

Besides the fact that crypto fans can access the bank’s trading services via the coin, they can also gain extra income by simply holding the DUK+ coin under a regulated system.

Dukascopy launches reward programs

Dukascopy Bank launched its reward program which is focused on offering users the opportunity to earn rewards via referral activities and deposits in DUK+.

The new mobile current account users will receive 5 DUK+ whenever they sign up on the mobile app.

There are various other opportunities that the program offers and they include the following:

  • Referral program for existing clients – users get more coins by referring others to the platform.
  • EUR rewards paid for DUK+ deposits – the bank pays 50 euro cents for each DUK+ deposited for 1 year.
  • Coin reward paid on deposits in DUK+ – the bank offers a 5% yearly coin reward rate for the fixed-term deposits which are paid out in DUK+. Deposits can be used as margin for clients who have trading accounts.
  • Dukascoin fat catz reward program – this involves the fact that the bank collects commissions from all sellers of DUK+ at the internal marketplace. The amount of commission that’s been collected is distributed via Fat Catz. These are clients whose monthly average balance is at least 10k DUK+.

In order to learn the complete details about the reward program, head over to the official website.

People Mentioned

Justin Sun

Founder of TRON (TRX)

Coins Mentioned

Justin Sun

Founder of TRON (TRX)

Companies Mentioned

Justin Sun

Founder of TRON (TRX)

Justin Sun

Founder of TRON (TRX)

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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