Dukascopy to Increase Leverage and Exposure on Crypto

Switzerland based retail FX broker Dukascopy Bank announced on Wednesday that it has increased leverage from 1:3 to 1:5 on BTC/USD, ETH/USD and LTC/USD with immediate effect. These currency pairs are able to be traded non-stop 7 days a week.

Furthermore, based on an efficient and reliable risk management, the margins needed to trade crypto can be reduced as of the same day.

In addition, Dukascopy Bank and Dukascopy Europe also increased the maximum net exposure for some currency pairs:

• 100 000 USD exposure limit on BTC/USD, ETH/USD

• ​50 000 USD exposure limit on LTC/USD

Last month, Dukascopy announced to reduce the maximum exposure limit on USD/RUB and EUR/RUB instruments from 5 to 1 million of primary currency. In addition, the broker posted its annual financial results ending on December 31, 2020​, indicating that income and profits hit a record high. Total operating income came in at CHF 40.1 million, up 43.2% compared to a year ago. The company also registered a net profit of CHF 10.4 million, compared to the previous year’s CHF 2.2 million.