Hong Kong based cryptocurrencies exchange Bitfinex has added support for trading on the privacy-focused cryptocurrency Dash. The venue now enables traders to buy and sell Dash for USD and bitcoin (DASH/BTC and DASH/USD).
Dash VP of Business Development, Daniel Diaz said: “The partnership is recognition of the way the market has been responding to Dash’s vision and roadmap. I am a firm believer that the free market will always recognize true value when growth and performance is sustained over long periods of time. Partnering with Bitfinex is a very important step for Dash as we look to provide good, regulated on and off ramps to the network that really make user applications easier. Dash is in a transition towards the regulated fiat exchanges that will make it a lot easier for users and investors to move in and out of the Dash economy, which will reduce friction and allow Dash to trade directly for fiat currencies in the more popular exchanges in the blockchain industry.”
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Dash began the year at $11 and is now trading at $44 with a market cap of over $300 million -making it the third most valuable blockchain asset following Bitcoin and Ethereum – while its trading volume has also shot up 22 times.
Bitfinex Chief Strategy Officer Phil Potter added, “Bitfinex is extremely excited to be adding Dash to our exchange. Dash is currently experiencing its breakout moment right now and we want to be able to provide our growing customer base with seamless access to one of the rising stars in our space. Bitfinex prides itself on being the world’s largest digital asset exchange by USD. We expect an incredibly strong market for Dash and we look forward to a tremendous partnership with their team.”