After weeks of exploration of some 8 digital assets, the US based giant exchange Coinbase Pro has come out clear to declare the addition of Dash cryptocurrency for trading on its platform.
According to an announcement today, September 12, Coinbase Pro proclaimed that it has authenticated the addition of Dash to its platform in specific zones supported by Coinbase, with the exemption of New York State and the United Kingdom.
However, deposition of the currency on the exchange is slated to begin on Monday September 16, 2019, while full trade will commence at least 12 hours after accepting deposit. The initiation of the full trade will take place on 9AM Pacific Standard Time on September 17 once liquidity conditions are met.
Afterwards, the trading of DASH/USD and DASH/BTC trade pairs will begin in phase with post-only mode. Coinbase Pro stated that it will initiate full trading of the trade pairs on its platform once its metrics for a healthy market is met.
Conversely, the official listing of the digital currency on Coinbase.com would be announced later, and more jurisdictions may also be declared in the future.
Dash would have to go through 4 stages before the full trading of the currency gets implemented on Coinbase Pro. Also, other important features of the cryptocurrency would not be made available on the exchange for the time being.
Invented in 2014, Dash cryptocurrency is created to have optional speed and privacy future. However, Coinbase pro is not supporting these features at the moment.
On August 5 2019, Coinbase Pro named Dash as one of the 8 cryptocurrencies it’s planning to list.
Dash is accepted by over 4,000 merchants worldwide, and the new listing is expected to help boost the price of the privacy oriented cryptocurrency in line with past occurrence.