Swiss bank Dukascopy launches automated cryptocurrency lending product

Dukascopy Bank, a Swiss financial transaction service provider, announced the launch of an automated cryptocurrency lending product. Users need to open a multi-currency account (MCA) at Dukascopy Bank. When the user transfers supported cryptocurrencies to the account , will receive 50% of the USD value of the transferred cryptocurrency in the MCA account, and the other half will be transferred to the trading sub-account. At the same time, the user's trading account will simultaneously open a long position in the amount of cryptocurrency transferred by the user at the current price to retain the user's cryptocurrency investment position. (Chainwire)