Dash Jumps 19% After Coinbase Listing Announcement
The American exchange Coinbase this Thursday announced the upcoming listing of the Dash cryptocurrency, thereby provoking a sharp rise in its rate.
According to a blog post, the company will begin accepting incoming Dash transfers from its users on the Coinbase Pro platform on September 16. Trades will start on September 17, provided sufficient liquidity is formed. Two pairs will be available for trading: with fiat dollar and bitcoin.
In addition to the traditional restriction of access to a new asset for New York traders, Coinbase decided to protect British clients from working with Dash. Coinbase previously delisted Zcash at its UK subsidiary, which, like Dash, has the ability to conduct transactions with increased privacy.
“Dash was created in 2014 and is a payment-oriented cryptocurrency with speed and privacy options. Coinbase will not support these features at this time, ”the exchange writes..
Amid the Coinbase announcement, the Dash rate jumped 19% immediately, also posting a notable gain in the previous hours, but soon lost much of the gain. Dash is currently the 16th largest cryptocurrency by market cap.
DASH / BTC pair on Binance
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