Coinbase Pro To Add Support For DASH

Coinbase Pro To Add Support For DASH

The Coinbase Pro exchange announced that today it will be listing Dash (DASH),

the world’s sixteenth-largest cryptocurrency, on its platform.

Coinbase Pro account owners will be able to store, trade and receive Dash, in addition to Bitcoin, XRP, Ethereum, Bitcoin Cash, 0x, and Litecoin and 16 other cryptocurrencies. Coinbase’s exchange for advanced users will implement Dash support in four stages, the first consisting of allowing users to transfer Dash to Coinbase Pro accounts that are in Coinbase’s supported jurisdictions, excepting New York State and the United Kingdom. Dash is paired against USD and BTC, and users can start trading after 9:00 a.m. PST, if liquidity conditions are appropriate.

The exchange explained the next stages in its announcement:

“In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes. In the final stage, full trading services will be available, including limit, market, and stop orders.” The exchange has stated that Dash is currently unavailable on Coinbase.com or its mobile apps, and at first, it will not support Dash’s special features, such as instant confirmations.

Dash Core CEO Ryan Taylor has maintained his stance that Dash is the most popular cryptocurrency used in the Venezuelan crisis. “The progress we made in Venezuela is real. We see evidence of it growing constantly. We’re managing to sign up larger and larger chains. We just signed up our largest chain: 22 pharmacies in Caracas, and we’re in negotiations with point-of-sale systems at this point. None of that work would be possible without Dash Merchant out there having built up a couple of thousand initial mom-and-pop type merchants. I think that the work in Venezuela is going to continue.”

Article Produced By
Anca F.

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

https://theccpress.com/coinbase-pro-to-add-support-for-dash/

Related articles

Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange

Terra and Mining Token Luna Listed on KuCoin Cryptocurrency Exchange                              August 30th, 2019, Singapore— Stablecoin Terra SDT (SDT) and mining token Luna (LUNA) listed on BTC and USDT markets. Terra, the project building the next-generation payment system on the blockchain, announces today that its stablecoin Terra SDT (SDT) and mining token Luna (LUNA) will […]

Learn More

North Korea Stealing Cryptocurrency Funding 2 Billion Weapons Programs

North Korea Stealing Cryptocurrency, Funding $2 Billion Weapons Programs                                    North Korea is generating billions of dollars in support of the illegal weapons programs and ballistic missile launches according to a confidential report from the United Nations. Experts providing the report suggest North Korea is using cyberspace, launching sophisticated attacks as a […]

Learn More

Get Cash For Your Crypto Without Ever Selling

Get Cash For Your Crypto, Without Ever Selling                               As a crypto holder, you can easily get fiats for your crypto without selling your coins. This is made possible by crypto lending platforms. These platforms give you fiat loans when you offer your crypto as collateral. On repaying your loan and interest, these platforms return […]

Learn More

Leave a Reply

Your email address will not be published. Required fields are marked *