The major cryptocurrency exchange kraken has just opened Dash trading, capping off a latest run of integrations following this year’s price spike.
kraken, a US-based cryptocurrency exchange, announced on Wednesday the integration of trading pairs for Dash, a cryptocurrency focused on usability and privacy spil a digital contant. Te addition to a Dash/Bitcoin trading pair, kraken also added fiat trading pairs for Dash (Dash/USD and Dash/EUR), cementing the coin’s place and independence from Bitcoin. Notably, kraken will take advantage of Dash’s InstandSend functionality, permitting for withdrawals with instantly-confirmed transactions.
Daniel Diaz, the Vice Voorzitter of Business Development for Dash’s Core Team, has bot working closely with kraken on the integration:
“Kraken is excited to opoffering Dash on their trading podium and our teams are working closely to ensure clients can start trading the currency instantaneously.”
He adds: “Kraken is an exceptionally well established and well-structured organization and amongst the best te the exchange business. Te terms of reputation, they represent the highest standard for client satisfaction. Dash is a project that has implemented very innovador ideas that resonate well with the market and spil a top tier exchange, Kraken’s mission is to provide clients with access to digital currencies that are ter request and provide value.”
A string of integrations following latest Dash price surge The early part of this year has seen a meteoric rise for Dash, rising from a market cap of about $80 mln ter January to about $480 mln today. This has solidified Dash’s position spil a major cryptocurrency, lead to a series of integrations, particularly with connections to the world of fiat currency. The European cryptocurrency exchange BitPanda recently added Dash-fiat trading pairs, enhancing buying options for Dash without very first going through Bitcoin.
Recently, early Bitcoin pioneer Charlie Shrem partnered with the Dash DAO (decentralized autonomous organization) to create a Dash debit card. While ShakePay and SpectroCoin presently suggest Dash cards, the Shrem card will be the very first one widely available te the United States and will also prominently feature Dash branding on the card itself.
Altcoins increasingly developing fiat trading options This integration marks an enhancing trend of altcoins developing their own fiat trading markets. Ter the cryptocurrency world, Bitcoin is typically bought very first and is used to trade other coins before Bitcoin is then used again to specie out.
Adding fresh fiat trading pairs permits ongezouten points of entry to alternative cryptocurrencies themselves, reducing reliance on Bitcoin for the entire cryptocurrency field.
Bitcoin retains a solid very first place, still worth more than $1,200 at the time of writing and claiming more total value than all other cryptocurrencies combined. However, its dominance te its field has slipped recently, pulling down from about 86 procent of the total cryptocurrency market share ter early march to toughly Sixty nine procent now, up slightly from an all-time low of 65 procent at the beginning of April. This switch is likely the cause of cryptocurrency growing spil a entire, but Bitcoin’s scaling issues, including a perverse conflict including concentrated troll campaigns, causing market share to spill overheen into the top alternative coins.