Mtbankfx bank of Belarus will begin offering a bitcoin contract for CFD i.e Contract for Difference. This is a joint project with Dukascopy Bank SA of Switzerland.
About Mtbankfx and Bitcoin CFD:
Mtbankfx is an FX dealer and the first forex banking platform in Belarus, which was launched in July 2016. The Bitcoin CFD is a joint project between Mtbankfx and Dukascopy Bank of Switzerland.
The bank will start offering bitcoin CFD product from next week. The bank has updated its terms of service for this new offering.
Terms of service part by Bitcoin.com:
Mtbankfx explains in its terms of service that its tools, including the BTC/USD tool with 1:3 leverage, are “available for transactions around the clock – from the opening of the market on Sundays at 21:00 GMT in the summer (22:00 GMT in the winter) until the market closes on Fridays at 20:00 GMT in summer/winter time.
On March 29, Switzerland’s Dukascopy Bank SA launched its own BTC/USD CFD product for European clients. Bitcoin to US Dollar (BTC/USD) with leverage 1:3 has been added for live trading.