Swiss bank Dufry announced the launch of cryptocurrency lending services
ChainCatcher news, Swiss bank Dufry has announced the launch of cryptocurrency lending services, providing cryptocurrency owners with the opportunity to obtain instant cash while retaining their crypto investments. Users will transfer cryptocurrencies from their blockchain wallets to Dufry's multi-currency account (MCA), where half will be converted into fiat currency and held in the MCA, while the other half will be transferred to a trading sub-account as collateral. At the same time, a long position in cryptocurrency will be automatically opened in the trading account at the current market price.
Dufry Bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
Related tags
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Related tags
