Dash, the rising digital currency, today announced a historic partnership with one of the world’s oldest bitcoin exchanges with the largest selection of digital assets and national currencies, Kraken Digital Asset Exchange.
The world’s fifth most valuable cryptocurrency is now open for trading on Kraken with pairings including DASH/EUR, DASH/USD, and DASH/BTC.
The partnership between Dash and Kraken 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 VP of Business Development, Daniel Diaz, 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.”
Following several business partnerships around the world, the implementation of the Sentinel software upgrade back in February and the announcement of its decentralized payments system called Evolution, Dash has been on a 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.
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.”
Founded in 2011, Kraken Digital Asset Exchange is one of the world’s largest and oldest bitcoin exchanges with the widest selection of digital assets and national currencies. Based in San Francisco with offices around the world, Kraken’s trading platform is consistently rated the best and most secure digital asset exchange by independent news media. Trusted by hundreds of thousands of traders, institutions and authorities, including Germany’s BaFin regulated Fidor Bank.
Kraken was the first crypto exchange displaying market data on the Bloomberg Terminal. Additionally, the first to pass a cryptographically verifiable proof-of-reserves audit, and was one of the first exchanges to offer margin trading. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment.
Dash payment types Kraken supports for withdrawal:
- Normal withdrawals (fee = 0.005 DASH)
- “Instant-Send” withdrawals (fee = 0.01 DASH) – Please note that while “Instant-Send” withdrawals may be faster than normal withdrawals, they will take several minutes at least to move through Kraken’s system and may take another 15 minutes after that if the destination doesn’t recognize “Instant-Send” payments.
- “Private-Send” withdrawals – NOT supported at launch.
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