Swiss bank Dufry announced the launch of cryptocurrency lending services

ChainCatcher news, Swiss bank Dufry has announced the launch of cryptocurrency lending services, providing cryptocurrency owners with the opportunity to obtain instant cash while retaining their crypto investments. Users will transfer cryptocurrencies from their blockchain wallets to Dufry's multi-currency account (MCA), where half will be converted into fiat currency and held in the MCA, while the other half will be transferred to a trading sub-account as collateral. At the same time, a long position in cryptocurrency will be automatically opened in the trading account at the current market price.

Dufry Bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA).