Coinbase Launches Dash for Retail Traders and Mobile Apps

Major American crypto exchange and wallet provider Coinbase.com has launched support for Dash (DASH), an open-source cryptocurrency with a strong focus on the Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term industry. The new coin is now available for retail investors through the company’s Android and iOS apps.

Announced last week, Coinbase has enabled Dash trading on the exchange’s professional platform, Coinbase Pro, beginning with Dash/USD and Dash/BTC trading pairs.

The move comes barely a few weeks after Coinbase said it’s exploring the possibility to add support for a new list of eight coins, including Dash that is currently the 15^th largest cryptocurrency by market cap.

The announcement notes that Dash will be available to customers in all supported jurisdictions with the exception of the New York State and the United Kingdom due to their tighter regulations.

Getting itself into hot water

The latest member of the cryptocurrency family barely reacted to the news, rising nearly three percent at the time of writing this article, according to CoinMarketCap.

The coin was last valued at $100.36, with a market capitalization of $907 million. The trade volume over the past 24 hours showed growth, with a reported value of $359 million.

Dash offers a form of money that can be spent securely both online and in person with only minimal transaction fees. Based on the Bitcoin project, Dash is accepted at over 4,000 merchants worldwide, making it one of the most scalable payments systems in the crypto world.

Coinbase said earlier it is working with local banks and regulators to make these new Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term available for its customers in as many jurisdictions as possible, saying the process often requires “significant exploratory work from both a technical and compliance standpoint.”

While other exchanges offer a more extensive selection of cryptocurrencies to trade, Coinbase has elected to proceed cautiously while regulators evaluate the legal status of the new assets. However, the company has had a string of recent announcements in a major push to attract crypto traders and grow its user base.