Cryptocurrency exchange Bitstamp is collaborating with one of Switzerland’s biggest online banks Dukascopy to enable the bank’s clients the added option of using Bitcoin to fund their accounts or make withdrawals.
In its announcement (Jan 25), Bitstamp elaborated that Dukascopy clients can now send Bitcoin to their accounts, which Bitstamp will help convert into USD for making the deposit. The reverse also applies – clients can make Bitcoin withdrawals from their fiat accounts with Bitstamp aiding the conversion. Currently, only Bitcoin is supported.
Bitstamp also said the partnership “represents another step towards our goal of bridging the gap between crypto and traditional finance”.
Dukascopy offers retail and institutional clients currency and precious metal trading. Its new Bitcoin service applies to holders of its “crypto-fundable trading accounts”.
BTCNews noted that this is not Dukascopy’s first time offering crypto-related services. It already provides contract for difference (CFD) trading on crypto price movements. For now, it only offers CFDs on Bitcoin and Ether.