European cryptocurrency exchange Bitstamp has announced a partnership with major Swiss online bank Dukascopy, according to an announcement published on Friday, Jan. 25.

Bitstamp will support Bitcoin (BTC) transactions on behalf of Dukascopy Bank. Clients will be able to send BTC to their accounts, convert them to U.S. dollars and trade on the Swiss FX Marketplace. In addition to that, customers can transfer their funds back to the wallet in form of BTC. Bitstamp believes the new partnership will contribute to bridging the gap between crypto and traditional finance.

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