Dukascopy Bank Launches a Marketplace for P2P Exchange of Cryptocurrencies

Dukascopy Bank, a Swiss financial trading services provider, announced that it has developed a marketplace for P2P exchange of cryptocurrencies, allowing clients to place their offers to buy or sell tokens against fiat currencies.

Today's announcement follows the bank announcing that it had been granted authorization from the Swiss financial regulator, FINMA​, to provide its customers with the exchange of cryptocurrencies and fiduciary deposits in digital assets allowing investment and custody of cryptos on behalf of clients.

Dukascopy's P2P crypto exchange service can be reached via the Dukascopy Connect app. Currently, the list of available tokens includes 12 major names with further plans to expand the accessible instruments to altcoins and NFTs.

"The key distinctive feature proposed by Dukascopy's P2P solution compared to other existing platforms is the safe execution of the fiat leg of the exchange operation,"the bank stated."To avoid the settlement risk, the users of Dukascopy P2P service need to strictly follow the rules of the P2P marketplace and not send fiat funds outside of its perimeter. In case of disputes arising between the parties, the Bank will initiate its own investigation of the transaction to secure the safe resolution of the issue."