Kraken, one of the largest bitcoin trading venues in the world, is now supporting the privacy-focused cryptocurrency Dash. Users of the platform can now buy and sell pairs including DASH / EUR, DASH / USD, and DASH / BTC. The venue also said users can expect margin trading on Dash to be added soon.
Dash VP of Business Development, Daniel Diaz, said “Kraken is an incredibly well established and well structured organization, and amongst the best in the exchange business. In terms of reputation, they represent the highest standard for client satisfaction. Dash is a project that has implemented very original ideas that resonate well with the market, and as a top tier exchange, Kraken’s mission is to provide clients with access to digital currencies that are in demand and provide value.
During Q1 2017 Dash experienced an incredible rise in price (from $11 to $100) and a tenfold increase in trading volume. Its total market cap skyrocketed from $78 million (January 1st) to an all time high of $835 million (March 18th).
Daniel Diaz continued, “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.”