Dash, the fifth most valuable cryptocurrency by market cap, has announced its partnership with Kraken Digital Asset Exchange – one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies.
The partnership comes in the wake of a record surge for the cryptocurrency, which experienced a 6x increase in price per ($11 to $72 USD) and a 10x increase in trading volume ($3 million to $30 million USD) across Q1. Dash is now open for trading on the platform with buy and sell pairings including DASH / EUR, DASH / USD, and DASH / BTC. Kraken is expected to offer Dash margin trading in the near future, the release said.
“Kraken is excited to offer Dash on their trading platform and our teams are working closely to ensure clients can begin trading the currency immediately. 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”, Dash VP of Business Development, Daniel Diaz, said.
Following several business partnerships around the world, the implementation of the Sentinel software upgrade and the announcement of revolutionary decentralized payments system called Evolution, Dash has been on record breaking trajectory. Its total market cap skyrocketed from $78 million USD (January 1st) to an all time high of $835 million USD (March 18th), with new international markets unlocked alongside user demand.
“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”, Diaz continued.
Founded in 2011, Kraken Digital Asset Exchange is based in San Francisco, with offices around the world. Trusted by hundreds of thousands of traders, institutions, and authorities, including Germany’s BaFin regulated Fidor Bank, Kraken is the first exchange to display its market data on the Bloomberg Terminal, pass a cryptographically verifiable proof-of-reserves audit, and one of the first to offer leveraged margin trading. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment.