Coinbase Pro excludes the UK and New York traders from the trading launch after it made a new addition to the platform with Dash as we are about to read more in the coming altcoin news below.
The exchange confirmed the addition of the DASH digital coin to its trading mix but the newest addition does not promise the launch on Coinbase. Usually, assets get added on the bigger platform once they start offering retail investors the chance to buy new coins. Coinbase Pro stated, however, that they will not offer the anonymous features of the coin which means that the unknown entities will not be able to deposit or make anonymous withdrawals. The deposits will be opened on Monday and the trading session will start in phases when Coinbase sees the first evidence of enough activity. DASH will be exchanged in pairs against BTC and USD.
Dash is one of the oldest crypto coins on the market and it is relying on the proof-of-stake mining along with the Master Nodes for bigger security. The adoption of the cryptocurrency has been very slow which was not expected mainly because of the anonymity features of the coin. For that reason, Dash has been batched together with coins such as Zcash and Monero. The exchanges also are very cautious when listing Dash. Some of the Japanese operators even abandoned the coin months ago. CeX.io which is a London-based exchange delisted the cryptocurrency along with ZEC. Coinbase UK also abandoned ZEC after changing the banking partner.
Although DASH is not among the top-five cons, it has maintained a steady price level. The token gained a little on Friday and reached a price of $86.76 which is an increase of more than 5 percent overnight. It was also one of the few digital coins that traded above $1,000 during the bull market in 2017. However, Coinbase PRO excludes the traders from New York and the UK for still uncertain reasons. The anonymous crypto project was first created in 2014 and it is still one of the few that offer a voting mechanism for improvements to its community. One of the biggest issues to its adoption is the high price of owning a masternode which as we reported back in the latest cryptocurrency news is about 1,000 DASH collateral.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
DC Forecasts - Newsletter and get recent news directly to your inbox! Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
Daily Newsletter Bitcoin NewsAltcoin NewsLitecoin NewsEthereum NewsBlockchain NewsBitcoin ScamsRegulationExpert AnalysisPress ReleasesCardano NewsRipple NewsLibra NewsBitcoin Cash NewsTron NewsNexo NewsVechain NewsStellar NewsTezos NewsBinance Coin NewsCoinbase NewsChainLink NewsEOS NewsIOTA NewsTether NewsBitcoin SV NewsMonero NewsEthereum Classic NewsDash NewsUNUS NewsCosmos NewsMECX Token NewsNEO NewsDC Forecasts Announcements
DC Forecasts provides a comprehensive source of the latest news about cryptocurrency news daily. Read more on our about us page for details.