Digital exchange Bitstamp has partnered with Swiss online bank Dukascopy to enable crypto funding on its platform.
“Dukascopy’s clients can now send Bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of Bitcoins. Bitstamp will serve the needs of Dukascopy in exchanging fiat funds to Bitcoins and back,” it says in a statement.
“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance. It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”
Earlier this month, Swiss investment bank Vontobel launched a custody solution for digital assets called Digital Asset Vault. Further details on that here.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.