Dash is now available on Coinbase, the San Francisco-based cryptocurrencycryptocurrency exchange announced in a blog post today. Dash, currently among the top-20 cryptocurrencies by market cap, is available everywhere Coinbase operates, apart from New York and the United Kingdom.
Today’s news follows the launch of Dash on Coinbase Pro last week. Coinbase Pro is designed for institutional clients—an exchange where users can trade crypto between each other. On Coinbase.com, retail customers can buy crypto instantly, directly from Coinbase itself.
Coinbase announces support for Dash on pro trading platform
Leading U.S.-based cryptocurrency exchange Coinbase today announced it will soon make the Dash cryptocurrency available to buy, sell and trade for its pro users. Support for the cryptocurrency is set to begin next week on September 16. The launch of Dash transfers will occur in four stages, beginning with a “transfer-only” phase in which users can transfer Dash tokens into their Coinbase Pro accounts. Posting limit orders will then be rolled out incrementally until full trading for Dash is event...
“Dash’s listing on Coinbase represents a significant expansion in access for users, as tens of millions of people have accounts with the exchange,” Ryan Taylor, CEO of Dash Core Group, told Decrypt.
Dash’s main priority is payments and e-commerce. It offers lower transaction fees than credit cards, and, unlike its slower brethren BitcoinBitcoin, settles transactions quickly.
And it turns out people actually use the thing: Dash’s volume hit over $350 million in the past 24 hours, and thousands of merchants across the world accept it, including Overstock.com. It’s also recently signed deals with a bunch of ATM operators, who operate around 1,000 Dash-friendly ATMs worldwide.
Dash is “proof that crypto can be a more viable alternative to fiat,” Joël Valenzuela, director of community outreach at Dash, told Decrypt earlier this month.
