Dash, the rising alternative to bitcoin, today announced a partnership with one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies, Kraken Digital Asset Exchange.
Which DASH pairs will be available for trading?
- DASH/USD (Dash – US Dollar);
- DASH/BTC (Dash – Bitcoin);
- DASH/EUR (Dash – Euro).
The partnership between Dash and Kraken comes in the wake of a record surge for the cryptocurrency, which experienced a 6x increase in price per ($11 to $72 USD) and a 10x increase in trading volume ($3 million to $30 million USD) across Q1.
Dash VP of Business Development, Daniel Diaz, said:
Kraken is excited to offer Dash on their trading platform and our teams are working closely to ensure clients can begin trading the currency immediately. Kraken is an incredibly well established and well structured organization, and amongst the best in the exchange business. In terms of reputation, they represent the highest standard for client satisfaction. Dash is a project that has implemented very original ideas that resonate well with the market, and as a top tier exchange, Kraken’s mission is to provide clients with access to digital currencies that are in demand and provide value.
Following several business partnerships around the world, the implementation of the Sentinel software upgrade and the announcement of revolutionary decentralized payments system called Evolution, Dash has been on record breaking trajectory.
Its total market cap skyrocketed from $78 million USD (January 1st) to an all time high of $835 million USD (March 18th), with new international markets unlocked alongside user demand.
Daniel Diaz continued:
As the leading exchange in the Euro market, Kraken’s global reach helps Dash successfully meet the needs of our users and investors. The entire integration experience was very positive and we have high expectations for the partnership going forward. This is a significant achievement for Dash because our ecosystem needs high quality and trustworthy exchanges like Kraken to thrive, and we know they will play an important role as a fiat gateway.
Based in San Francisco with offices around the world, Kraken’s trading platform is consistently rated the best and most secure digital asset exchange by independent news media. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment
Kraken is expected to offer Dash margin trading in the near future.