SMART VALOR and Dukascopy launch service for fast and easy crypto transfers and trading
SMART VALOR AND DUKASCOPY LAUNCH SERVICE FOR FAST AND EASY CRYPTO TRANSFERS AND TRADING
Swiss-based financial institutions SMART VALOR and Dukascopy Bank have partnered with the aim of simplifying the purchase and trading of cryptocurrencies. By linking their SMART VALOR account and their Dukascopy Bank account, customers will benefit from fast and convenient transactions in digital assets. Dukascopy clients will receive access to 176 digital asset pairs on the SMART VALOR platform. The integration has been completed and tested. The service will be available for all Dukascopy and SMART VALOR from 6 July 2022.
Through the API integration between the back end of the bank and the exchange, the bank's customers get the opportunity to buy, sell and trade digital assets in an easy and secure way on the Switzerland-based exchange. In addition to the major cryptocurrencies such as Bitcoin and Ether, SMART VALOR's exchange also offers a selected range of other digital assets from different segments such as protocols, Decentralized Finance (DeFi) and the metaverse. The customers of the bank will thus be able to use their fiat deposits at the bank to seamlessly transact on the SMART VALOR exchange. Currently, the project is in the final phase before go-live, which is scheduled for
6 July 2022.
The partnership benefits customers on both sides. Dukascopy customers receive a solid user experience when buying, selling or trading crypto on the platform based in the same jurisdiction as their bank - Switzerland. Smart Valor customers can benefit from opening an account at Dukascopy and trade at the exchange without the need to transfer funds to the exchange first.
Olga Feldmeier, board chair of SMART VALOR:
"Making transacting in digital assets available to bank customers is the core mission of our B2B2C strategy. We are happy to launch this service offering by partnering with a bank that is close to us in terms of innovation mentality and is, just like us, based in one of the most prestigious and well-regulated jurisdictions - Switzerland. Two Swiss financial technology companies joining forces to deliver a better user experience and access to digital assets - this milestone will demonstrate the way forward for many traditional financial institutions which are currently contemplating available entry options."
The co-CEO of Dukascopy Bank Dr. Andre Duka states:
"Despite the recent swings in the crypto markets, we at Dukascopy Bank continue to witness the growing interest and demand from our international client base to this domain of instruments. Therefore, we ceaselessly work to improve our crypto infrastructure in all possible directions including the formation of new partnerships. We are welcoming the SMART VALOR exchange as a new member of our ecosystem and have no doubt that the clients of both institutions will gain from our collaboration."
The Dukascopy Bank, based in Geneva, Switzerland, is an online bank offering internet-based and mobile trading services with a focus on foreign exchange, CFD and binary options, as well as various other financial services. Dukascopy is regulated by the Swiss Financial Market Supervisory Authority FINMA as both a bank and a securities firm.
For additional information, please contact
Olga Feldmeier, Board Chair and Co-founder
Email [email protected]
Adrian Faulkner, General Counsel
Mobile: +44779695 0688
Email: [email protected]
Certified Adviser
Mangold Fondkommission AB is acting as the Company's Certified Adviser and can be reached on phone number +46 8 5030 1550 and [email protected]
The following documents can be retrieved from beQuoted
Smart Valor Pressrelease 2022-07-01.pdf
About SMART VALOR
SMART VALOR is a Swiss company that became the first European digital asset exchange listed on Nasdaq First North. The company's mission is to provide a trusted gateway to blockchain technology for investors and institutions. On the B2C side, it operates a retail digital asset exchange, custody, and asset management. On the B2B side, the company works with banks and fintech companies offering its technology as a Crypto-as-a-Service solution. SMART VALOR was one of the first crypto companies to receive financial intermediary status in Switzerland and to be registered as an exchange and custodian under the Blockchain Act of Liechtenstein.
