One of the most cryptic crypto exchanges, BTC-e has successfully completed the addition of two new trading pairs today. The exchange added Bitcoin-based trading pairs on the second and fifth largest cryptocurrencies by market cap, Ethereum and Dash.
Very little public information is known about BTC-e despite it being one of the longer lasting exchanges and having a large base of customers. It is very much geared toward traditional retail forex traders as, via a partnership with FXOpen, BTC-e was the first exchange to offer cryptocurrency trading using the MetaTrader 4 platform. And it also started offering PAMM accounts (percent allocation management modules), a form of managed trading enabling to copy the orders of strategy providers, very popular in Russia back in 2014.
As such, this move might help Ethereum and Dash become more popular with active retail traders as despite its lack of transparency, BTC-e has successfully carved a niche with this type of trader, especially in Russia and China. Right now it only offers DSH/BTC and ETH/BTC but it might expand the range in the future to include the fiat currencies it supports USD, Russian ruble and the euro as well as Litecoin.
Why Global Deflation Does Not Affect These CryptocurrenciesGo to article >>
Dash, the cryptocurrency formerly known as DarkCoin, marked its second birthday back in January with a vote among its stakeholders to increase the blocksize from 1 MB to 2 MB. Evan Duffield, creator and chief architect of Dash, shared his thoughts with Finance Magnates about this move and his creation at the time.