Kraken Starts Supporting DASH Trading on its Platform

The emerging leader in the global cryptocurrency market, DASH has added another feather to its cap. One of the fastest growing cryptocurrency, both regarding technology and usage is now available to a wider European community on Kraken cryptocurrency trading and exchange platform. The news about the inclusion of DASH to Kraken’s list of currencies was announced yesterday in a press release.

In the recent days, the team behind DASH cryptocurrency have been pushing for strong strategic partnerships with some of the leading players in the market. These strategic alliances follow technological advancements with DASH cryptocurrency platform as well. Since the latest update, DASH has been working on positioning itself as the leading cryptocurrency for payment and fund transfer applications. The company intends to make it a reality with the upcoming Project Evolution update.

The listing on Kraken Digital Asset Exchange enables the platform’s users to trade DASH/EUR, DASH/USD, and DASH/BTC pairs. In the press release, the VP of Business Development at DASH, Daniel Diaz was quoted saying,

“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.”

DASH currently commands the fifth position among cryptocurrencies in terms of market capitalization. The digital currency, with a price hovering at around $70 has a market cap of over $509 million. With more users joining the community on a daily basis, the value of DASH is expected to grow further in the coming days.

Following the listing on Kraken, the trade volumes will soon see further increase as the digital asset exchange platform intends to introduce Margin trading soon.

Ref: Kraken | Image: NewsBTC