Dukascoin
Cryptocur­rency
by a swiss bank

Dukascopy Bank informs that rates for stakes with rewards in DUK+ will be changed as of October 1, 2024. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.13 EUR and 0.026 EUR per 1 DUK+ respectively.

Stakes allocated before October 1, 2024 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ will be changed as of July 1, 2024. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.14 EUR and 0.028 EUR per 1 DUK+ respectively.

Stakes allocated before July 1, 2024 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ will be changed as of April 1, 2024. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.16 EUR and 0.032 EUR per 1 DUK+ respectively.

Stakes allocated before April 1, 2024 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ will be changed as of January 1, 2024. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.17 EUR and 0.034 EUR per 1 DUK+ respectively.

Stakes allocated before January 1, 2024 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ will be changed as of October 1, 2023. The new rewards schedule will look as follows:

Rates for stakes with EUR reward for 1 year and 3 months term remain unchanged (0.18 EUR and 0.036 EUR per 1 DUK+ respectively).

Stakes allocated before October 1, 2023 will not be affected by the changes.

Dukascopy Bank SA informs about fraudulent clone of Dukascoin token with the ticker "DUK+" on BNB Smart Chain.
Please be aware that this token "DUK+" is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan or any other entity of Dukascopy Group.

Do not trust any information to be found on the respective CoinMarketCap page of that fake token. Do not provide any personal data to people who offer you to buy that token.We are taking action against this clone.

The real Dukascoin token has a ticker "DUK+" and operates on ERC-20 network. Here is information on the real Dukascoin and its smart contract:
https://etherscan.io/token/0x73f2651EA38d48B3B808ffdDbd398Fd600aB5BA7

You can find all information about Dukascoin on our dedicated website: https://www.dukascoin.com/

Meanwhile, please note that using decentralized exchanges entails higher risks for users, than operating with centralized exchanges. For more information on popular scams on decentralized exchanges you can refer to this article.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ and EUR will be changed as of July 1, 2023. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.18 EUR and 0.036 EUR per 1 DUK+ respectively.

Stakes allocated before July 1, 2023 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ and EUR will be changed as of April 1, 2023. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.19 EUR and 0.038 EUR per 1 DUK+ respectively.

Stakes allocated before April 1, 2023 will not be affected by the changes.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ and EUR will be changed as of January 1, 2023. The new rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.2 EUR and 0.04 EUR per 1 DUK+ respectively.

Stakes allocated before January 1, 2023 will not be affected by the changes.

Dukascopy Bank SA informs about its website's fraudulent clone on the domain https://dukascopyd.swisbank.top/dist/#/. Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan or any other entity of Dukascopy Group.

Do not trust any information to be found on the website https://dukascopyd.swisbank.top/dist/#/. Do not provide any personal data on this website.

We are taking action against this fraudulent webpage.

Dukascopy Bank SA informs about its website's fraudulent clone on the domain https://sandinvest.io/#about. Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan or any other entity of Dukascopy Group.

Do not trust any information to be found on the website https://sandinvest.io/#about. Do not provide any personal data on this website.

We are taking action against this fraudulent webpage.

Dukascopy Bank informs that rates for stakes with rewards in DUK+ and EUR will be changed as of October 1, 2022. The new DUK+ rewards schedule will look as follows:

New rates for stakes with EUR reward for 1 year and 3 months term are 0.225 EUR and 0.045 EUR per 1 DUK+ respectively.

Stakes allocated before October 1, 2022 will not be affected by the changes.

The Bank also would like to remind that GETCA$H swap program was launched a year ago and already found their regular loyal users. This is the easiest way to instantly get funds for one month or more in exchange for an active DUK+ stake. Please visit the page for more information.

Dukascopy Bank SA informs about its website's fraudulent clone on the domain http://www.dukascopy.top/dist/#/. Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan, or any other entity of Dukascopy Group.

Do not trust any information to be found on the website http://www.dukascopy.top/dist/#/. Do not provide any personal data on this website.

We are taking action against this fraudulent webpage.

Dukascopy Bank SA informs about its website's fraudulent clone on the domain https://www.app-uplow.vip/dist/#/. Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Europe, Dukascopy Japan or any other entity of Dukascopy Group.

Do not trust any information to be found on the website https://www.app-uplow.vip/dist/#/. Do not provide any personal data on this website.

We are taking actions against this fraudulent webpage.

Dukascopy Bank enables new cooperation with the registered Swiss/Lichtenstein digital assets exchange Smart Valor. The API-driven integration of Dukascopy and Smart Valor infrastructures will offer the shared clients an enriched environment, in which they may instantly trade 176 digital assets pairs using a Swiss bank account supporting 22 global currencies.

The exact modus operandi is identical to the existing Dukascopy - ZBX (Zillion Bits exchange) framework. The user must have an account at Dukascopy Bank and Smart Valor. Both accounts will have to be linked by the user inside the interface of Smart Valor. Once linked, the specially created 'partner' fiat sub-accounts at the Bank can be used for the automated buying and selling of cryptocurrencies at the Exchange. Under this model, Dukascopy is only taking care of the fiat funds flow, while the operations with crypto are fully under the roof of Smart Valor.

Dukascopy Bank has developed rich crypto-fiat functionality over the last several years. There are now four methods available for customers to trade crypto at the Bank. First, a client can acquire crypto (ETH, BTC, USDT) as an investment straight from Dukascopy's account and withdraw it to the blockchain. Second, a client can buy crypto from one of the Bank's crypto exchange partners. Third, a client can purchase crypto from another client of Dukascopy using the P2P crypto-fiat exchange service recently launched by the Bank. Fourth, the Bank offers leveraged trading of crypto pairs on the brokerage account using its professional trading platform.

SMART VALOR is 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 white-label 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.

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."

Olga Feldmeier, board chair of Smart Valor notes: "Making transactions 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."

For more information about the crypto services of Dukascopy Bank, including trading and storage, please check https://www.dukas.io/.

Tether (USDT) is joining Ethereum (ETH) as a cryptocurrency that can be deposited/withdrawn by the MCA clients directly from/to their crypto wallets. This is also the first stable coin that the Bank is offering to its clients. 

To start the operations with Tether, the procedure remains the same as for Ethereum. The client needs to link a personal blockchain wallet to the MCA account and confirm the ownership with the signing method described here. Once this step is completed, crypto-assets can be transferred between the MCA account and the linked wallet. The information about fees is available on the website of the Bank dedicated to crypto services: www.dukas.io 

The Bank reminds its clients that if they require a wider scope of cryptocurrencies they can explore the recently launched P2P crypto exchange service. Dukascopy Bank's marketplace for P2P exchange can process any blockchain. Therefore, it provides a secure environment to transact in virtually any token given that there is a counterparty willing to take the opposite side of the trade. 

For any questions regarding the use of Tether, P2P marketplace, or other services, please contact the Dukascopy Bank's Support team. 

Dukascopy Bank SA informs about its website's fraudulent clone on the domain www.dukascoin.holds-coins.com. Please be aware that this website is not controlled and does not belong to Dukascopy Bank, Dukascopy Japan or any other entity of Dukascopy Group.

Do not trust any information to be found on the website www.dukascoin.holds-coins.com. This website is a clone of www.dukascoin.com website and its purpose is to induce individuals to reveal seed phrases to their crypto wallets. Do not provide any personal data on this website.

We are taking actions against this fraudulent webpage.

Since July 1^st, 2022, Dukascopy Bank will apply the new DUK+ reward rates and the schedule will change to the following:

The new EUR reward stakes rates are 0.25 and 0.05 EUR per coin for yearly and quarterly stakes, respectively.

All the mentioned changes will come in force on July 1^st, 2022. Stakes allocated before July 1^st, 2022 will not be affected by the changes thus clients looking to allocate their Dukascoin into more lucrative stakes with better rates are invited to act. Current rates can be consulted via the following links: (DUK+ reward, EUR reward).

The Bank is glad to inform its clients about the decision of the Issuer company to continue issuance and support of Visa and Mastercard prepaid cards for residents of the following countries:
Andorra; Austria; Bear Island; Belgium; Bulgaria; Channel Islands; Croatia; Cyprus; Czech Republic; Denmark; Estonia; Faroe Islands; Finland (including Aland Islands); France (including its "DOMTOMs"); Germany; Gibraltar; Greece; Greenland; Hungary; Iceland; Republic of Ireland; Isle of Man; Israel; Italy; Latvia; Liechtenstein; Lithuania; Luxembourg; Malta; Monaco; Netherlands; Norway; Poland; Portugal (including Azores, Madeira); Romania; San Marino; Slovakia; Slovenia; Spain (including Canary Islands, Ceuta, Melilla); Sweden; Switzerland; Turkey; United Kingdom. 

Residents of other countries can continue to use all other services of the Bank and will be timely informed on developments of the Bank's card program.

For all questions regarding cards and other services of the Bank, please contact the Dukascopy Support Team.

The Bank, remaining committed to its openness and transparency policy in conducting business and responding to the challenges posed by the current situation, authorized the Swiss auditing company PKF Certifica SA, Lugano, to conduct a special audit to inspect if the Bank has "Existence of new business relationships opened with individuals and entities subject to personal sanctions related to Russian/Ukrainian conflict".

The report of PKF Certifica, SA states that there are no findings evidencing any breaches of sanctions related to the situation in Ukraine:
"On the basis of the procedures performed and described in Chapter 4 of this report, we can confirm that none of the new business relationships opened by Dukascopy Bank SA, Geneva, or its foreign entities, during the period 24.02.2022 - 21.03.2022, concerned individuals, companies or organizations included in the latest complete version of the list published by SECO on March 15, 2022."

To see the SECO list of sanctioned persons and entities please follow the link:

Mesures en lien avec la situation en Ukraine (admin.ch)

The Bank believes that this report will bring certainty and confidence to our customers and partners in these turbulent times.

The counterparts of the Bank may obtain the full text of the audit report upon request. The Bank has provided the result of the audit to FINMA (Swiss Financial Market Supervisory Authority).

28^th of February, 2022: Dukascopy Bank SA is pleased to congratulate its current and prospective clients with the third anniversary of the Dukascoin project! Three years ago the Dukascopy team released the first payment crypto coin issued for public use by a licensed and regulated Swiss bank. Today we can surely state that the project has succeeded and matured. 

During the past year, Dukascoin holders were offered new features to expand the usability and adoption of our coin. In particular we created a new reward program for loyal Silver Dukascoin holders and a convenient GetCa$h swap program. Also we made our traditional Coin and EUR Reward Staking programs way more affordable than one year ago.

During 2021, small Dukascoin holders were able to allocate free Dukascoin stakes starting with just 50 DUK+! EUR reward stakes became friendlier as well with the entry threshold to staking being affordable at 500 DUK+. Dukascopy had also lowered the entry threshold from 15 000 DUK+ to 10 000 DUK+ allowing clients who previously would not have benefitted from the Fat Catz program to do so. Last year our valuable Fat Catz shared among themselves almost 13 500 EUR in commissions paid for trades performed on the internal Dukascoin marketplace.

We also continued our successful co-operatios with the cryptoexchange ZBX to provide an alternative marketplace for Dukascoin holders who prefer to keep their crypto assets away from the MCA infrastructure. The average price of the Dukascoin stabilized at around 2 EUR per 1 DUK+ during the last six months. This means that the market has found a reasonable balance reflecting the value of the Dukascoin corresponding to the current level of the staking rewards offered by Dukascopy Bank.

We congratulate all our clients and crypto enthusiasts
of the world as we celebrate the next anniversary of the Dukascoin project!

The Dukascopy Bank has developed a new framework for secure settlement of money for the P2P crypto-fiat exchange operations between clients.

Dukascopy Bank regularly receives requests from its clients to send or receive money related to P2P crypto-fiat exchange transactions in blockchain. The P2P crypto-fiat exchange is usually based on an individual agreement between two blockchain wallet holders. Crypto currency is transferred between the blockchain wallets and the transfer of money is executed by a regulated banking/payment institution. Each transaction must comply with strict regulatory standards to clearly determine its economic nature and comply with AML protocol.

The Bank’s significant experience in supporting P2P crypto-fiat exchange operations enables it to formalize a new framework facilitating such operations safely. This framework ensures that both sellers and buyers can securely transfer crypto funds between their blockchain wallets and exchange the agreed upon fiat amount between their bank accounts.

The Bank preliminary verifies that the buyer has the agreed upon amount and temporarily blocks these funds before depositing the money into the seller’s MCA account. Simultaneously, clients buying crypto can be sure that their money will be transferred to the seller only if that seller executes a transfer for the corresponding amount of cryptocurrency from their blockchain wallet and at the predetermined time.

This new framework is available for our clients in the Dukascopy Connect 911 application through the “911” public channel. All MCA clients may take part in beta testing in a LIVE environment that will last until December 24, 2021. The access to the framework will be temporarily suspended for the period of Christmas and New Year holidays and is expected to be restored from January 10, 2022 in fully operational regime.

The Bitcoin and Ether are two crypto currencies supported during the P2P framework launch. Other crypto instruments including NFT-tokens will expand the instruments list soon. A detailed description of the framework is available on its dedicated landing page https://www.911p2p.io/.

The Bank strongly believes that clients using this new framework will benefit from a new safe environment for P2P crypto-fiat exchange operations. Other services of the Bank related to crypto currencies can be found on the corresponding landing page: https://www.dukas.io.

Since January 1^st, 2022, Dukascopy Bank will apply the following DUK+ trading conditions improvements:

• The Low liquidity fee changes from 0.20 EUR to 0.15 EUR per coin sold;
• The Low liquidity fee application level decreases from 2.50 to 2.25 EUR per DUK+.

The new coin reward rates schedule will change to the following:

The new EUR reward stakes rates are 0.30 and 0.06 EUR per coin for yearly and quarterly stakes, respectively. 

All the mentioned changes will come in force on January 1^st, 2022. Stakes allocated before January 1^st, 2022 will not be affected by the changes thus clients looking to allocate their Dukascoin into more lucrative stakes with better rates are invited to act. Current rates can be consulted via the following links: (DUK+ reward, EUR reward).

The Bank has noticed a growing popularity for the recently launched GETCA$H swap program. Clients who already started using the program have assessed its benefits and are continuously using it to cash out their stakes without the need to cancel the stake, lose the reward, and sell the coins. For more details, please visit the web page dedicated to this program.

To improve the liquidity of DUK+ stakes collected by clients, the Bank launches GETCA$H swap program. This program allows holders of DUK+ stakes to get fast access to fiat money by means of the swap – a special exchange contract of Dukascoin for EUR with further buyback at a fixed price. The standard contract duration is one month. Clients may apply for prolongation of the initial swap by paying a fee. The cost of use of the received cash is based on a 7.5% annual rate. The swapped stake continues to be active but its duration is correspondingly prolonged for the term of the swap. For more details, please visit the web page dedicated to this program.

The service is available now in the web MCA application and will be also soon released in the mobile applications.

Dukascopy Bank announces the next round of Dukascoin stakes rates reduction that becomes effective on October 1, 2021. The main tendencies are the following:

• The rates are lowered across almost all Dukascoin reward stakes amounts except for the smallest ones placed in the Bank;
• The EUR reward stakes are getting a unique rate for each term irrespective of the stake’s storage type. The new rates are 0.35 EUR and 0.07 EUR per coin for yearly and quarterly stakes respectively.

The new coin reward schedule is the following:

Stakes allocated before October 1, 2021 will not be affected by the changes.

Dukascopy Bank SA is pleased to announce the additional payment method for Silver Dukascoin Set buyers. Starting today the clients whose MCA balance of DUK+ is equal or higher than the size of the desirable Gratification bonus will be able to cover the Gratification bonus implied to Silver Dukascoin by DUK+ already available on the MCA.

For example, if the “Covered by DUK+” option is selected in the “Cost of Dukascoins implied” part of the Silver Dukascoin order form during Silver Dukascoin Set purchase, the price of the Set will consist of two parts:

• 50 DUK+ and 150 EUR for the SKY series;
• 250 DUK+ and 400 EUR for the SPACE series.

If the “Covered by EUR” option is selected, the price of the Silver Dukascoin Set will be expressed in EUR only and at the moment of this news publication would be 257 EUR and 935 EUR for the SKY and the SPACE series Silver Dukascoin Set respectively.

Dukascopy Bank SA is pleased to announce the Silver Dukascoin Loyalty reward program! The aim of this introduction is to add new features to the stylish and exclusive souvenir and make it even more lucrative by bringing its owner additional bonuses year after year.

The size of the Loyalty reward is 5% of the Gratification bonus implied. For the SKY and SPACE series the reward will be 2.5 DUK+ and 12.5 DUK+ per year per one Silver Dukascoin held. After the reward is credited, the membership will be prolonged automatically for the next year until the coin’s owner is either changed or returns the coin to the Bank.

New buyers of the Silver Dukascoin Set will become members of the loyalty reward program by default. Existing clients willing to join the Loyalty Reward program are invited to send a request to crypto@dukascopy.bank and indicate the serial number of their Silver Dukascoin and their MCA account number.

Dukascopy Bank continues improving DUK+ trading conditions and announces the following set of changes for its DUK+ related key features:

• The first Dukascoin transaction fee lowers from 12.5 EUR to 11 EUR;
• The low liquidity fee changes from 0.4 EUR to 0.2 EUR;
• The minimum trade size shrinks from 15 EUR to 12.5 EUR;
• The low liquidity fee application level reduces from 3.00 to 2.50 EUR per DUK+.

The changes come into force the moment the Fees & Limits website page is updated.

Dukascopy Bank SA is happy to announce that starting today we improve trading conditions on the Dukascoin Marketplace:

• Low liquidity fee threshold lowers from 3.50 to 3.00 DUK+/EUR meaning that Dukascoin holders may sell coins in this price range without being charged the Low liquidity fee;
• The size of the Low liquidity fee also shrinks by 0.5 EUR from 0.9 EUR to 0.4 EUR per coin sold. This will help Dukascopy Bank clients to accumulate Dukascoins at better price. For those who would like to sell Dukascoin, it also means better results with lower fees and commission;
• Minimum deal amount on the Marketplace also lowers from 17.25 EUR to 15 EUR to meet trading conditions changes described above.

The changes come in force from the moment the Fees & Limits website page is updated.

Following its policy of the gradual cooling off the coin reward rates, Dukascopy Bank would like to inform that starting from July 1, 2021 reduced but more flexible coin reward rate schedule will be introduced. Current more aggressive staking reward rates will be in force till the end of June, 2021 thus clients willing to allocate their Dukascoins stock with more lucrative rates are invited to act. Stakes allocated before the July 1, 2021 will not be affected by the change.

New coin reward schedule will become the following:

EUR Reward rate will remain the same and equal to the 0.45 (0.50 for the Dukascoins in the blockchain) EUR for every Dukascoin allocated by the staking deposit for 1 year and 0.09 (0.10) EUR for every Dukascoin allocated by the staking deposit for 3 month term. We would like to remind that the minimum staking deposit size required according this program is only 500 Dukascoins.

Following its policy of the gradual cooling off the coin reward rates, Dukascopy Bank would like to inform that starting from July 1, 2021 reduced but more flexible coin reward rate schedule will be introduced. Current more aggressive staking reward rates will be in force till the end of June, 2021 thus clients willing to allocate their Dukascoins stock with more lucrative rates are invited to act. Stakes allocated before the July 1, 2021 will not be affected by the change.

New coin reward schedule will become the following:

EUR Reward rate will remain the same and equal to the 0.45 (0.50 for the Dukascoins in the blockchain) EUR for every Dukascoin allocated by the staking deposit for 1 year and 0.09 (0.10) EUR for every Dukascoin allocated by the staking deposit for 3 month term. We would like to remind that the minimum staking deposit size required according this program is only 500 Dukascoins.

We would like to congratulate our colleagues from Postfinance and Swissquote for launching a new Swiss neobank Yuh and wish them great success in their new endeavour. Dukascopy Bank is delighted to welcome a new cryptocurrency Swissqoin that will certainly enrich the Swiss crypto industry and assist in making blockchain-based financial technology be widely accepted in Switzerland. Dukascopy Bank has started its digital bank and cryptocurrency two years ago and therefore is happy to greet new serious players in the market.

Unfortunately, we have noticed that some public media channels are referring to Swissqoin as the first cryptocurrency issued by a Swiss bank. It is especially sad that such misleading information was published on the website of Postfinance. We would like to emphasize that cryptocurrency Dukascoin has been launched by Dukascopy Bank in February 2019 and was successfully developing ever since. There are hundreds of thousands of on-chain and off-chain Dukascoin holders and transactions. Dukascopy Bank is welcoming competition and innovation but invites the media and the industry to reflect and respect objectivity.

Besides, it is particularly heartwarming and encouraging for Dukascopy Bank that Swissqoin bears many features and principles that lie at the heart of Dukascoin cryptocurrency. We commend the acceptance of our model and anticipate that more and more banks will realize its benefits and implement similar crypto solutions in their ecosystems.

Dukascopy Bank SA is pleased to inform that Staking programs with a reward in EUR have become even more affordable with the new lowered threshold of only 500 DUK+. The current reward rates remain intact at 0.1 EUR and 0.5 EUR per Dukascoin for 3-months and 1-year stakes respectively if the stakes are allocated in Blockchain and 0.09 EUR and 0.45 EUR per Dukascoin respectively for stakes allocated within the Bank’s infrastructure (MCA accounts). The difference in reward rates between the options of coins allocation in the Bank or in Blockchain is aimed to cover storage-related expenses of the Bank.

Dukascopy Bank announces that the qualification threshold for entering into prestigious Fat Catz reward program will be lowered from 15 000 DUK+ to 10 000 DUK+ on April 1 2021. The adjustment aims to counterbalance the DUK+ price surge that occurred at the beginning of the 2021 and thus to ease the program joining for new clients.

For more details, please check the program’s web-page.

Dukascopy Bank is applying changes for its staking reward programs to make their conditions more relevant to the coin’s price and the current stage of the project. Please see below.

Staking programs with a reward in EUR have become more affordable with a significantly lower threshold, as the Bank is decreasing the amount of coins required to participate in the EUR reward staking program from 20 000 DUK+ to only 5 000 DUK+. The current reward rates remain intact at 0.1 EUR and 0.5 EUR per Dukascoin reward rate level for 3-months and 1-year stakes respectively if the stakes are allocated in Blockchain. For the stakes placed in the Bank, the new quarterly reward rate is 0.09 EUR per Dukascoin and the yearly rate is 0.45 EUR per Dukascoin. The difference of reward rates between the options of coins allocation in the Bank or in Blockchain is to cover storage-related expenses of the Bank.

There is also a positive change for participants of the staking program with a reward in DUK+: previously, the total amount of coins allocated into the reward could not surpass 25 000 DUK+ on any given Multi-currency account. This limit has been raised to 50 000DUK+.

The changes will come in force as of the moment of the news publication.

Dukascopy Bank would like to remind its current and potential participants of the Dukascoin reward programs, that starting from 1^st of April, 2021 rates for the new coin reward stakes will be lowered and the stakes size structure will be changed. The new income schedule remains stake size dependent and is represented as follows:

The Bank guarantees that this change will not affect stakes allocated before 1^st of April, 2021.

Please be informed that current market conditions allow to acquire significant stakes at the best ASK price as there are more than 18500 Dukascoins available at 3.51 EUR per coin. It is high-time to take advantage of the available liquidity and join the coin reward program before the change is implemented!

Currently, any referrer receives 5 Dukascoins as a bonus for every invited friend who opens an MCA account. Dukascopy Bank is implementing changes to the referrer’s coin distribution. In particular, the referrer will get their 5 coins for introducing a client once the referred client opens an MCA account and meets the 100 USD of incoming deposit turnover limit requirement within 90 days of opening an account. If the 90 days rule is not met, the referrer loses the right to get the 5 Dukascoins.

This measure has been put in place to prevent abuse on accounts which are referred and opened with no actual intent for use. The changes will be implemented during the coming weekend.