The Dash news today show that the KuCoin platform recently announced that it has opened a trading service for the DASH/USDT trading pair in its spot trading desk. As KuCoin announces the new trading pair, we can also see a video representing the new update within a Twitter post.
#KuCoin Adds the DASH/USDT Trading Pair
Details➡️https://t.co/LJiaaoUJSY pic.twitter.com/oLJUvynfLE
— KUCOIN (@kucoincom) February 24, 2020
For those of you who are not actively following our crypto news, KuCoin is a global cryptocurrency exchange which offers a variety of digital assets and currencies. It is actually dubbed ‘The People’s Exchange’ and was launched in September 2017, initially based out of China but moving its headquarters to Hong Kong sooner after that for its crypto-friendly regulations.
Ever since then, the exchange managed to grow to over 5 million users from over 100 different countries. The daily trading volume of over $320 million is now a serious number to look out for. As KuCoin announces the new DASH trading pair, we can see that the Dash news are promising a good period for traders.
Last week, KuCoin also announced that it would be adding support for the Canadian Dollar (CAD), bringing the total number of fiat currencies on the platform to 12. Meanwhile, Dash continues to see a remarkable growth and the altcoin has gained tremendous momentum recently. Earlier this month, it was added to the Binance Futures trading platform as the exchange launched a DASH/USDT perpetual contract with up to 50x leverage.
Known as a next-gen cryptocurrency, the Dash news show that in January 2020 alone, the altcoin surged by a staggering 178% which is why it is still viral – going from $41.87 to $116.43 and achieving the status of being the biggest winner among the top 20 coins. Ever since then, the cryptocurrency grew to over $133.55 and currently stands at just over $104 as of the close of the market yesterday.
Anyways, the fact that KuCoin announces support for this coin is big and traders are ready to embrace the full potential of Dash (DASH) in the upcoming events. Despite the recent losses, the altcoin still has a lot of room to grow and now that it is a member of the top 20 largest cryptocurrencies by market cap, it will probably be motivated to make the news with new developments and features.
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