Binance US Adds Privacy-Centric Coin Dash Including US Dollar Trading Pair
On Wednesday, the US branch of Binance crypto exchange announced it has listed privacy-centric cryptocurrency Dash in its platform, Finance Magnates reports.
The exchange which was started last month offering crypto-fiat services announced it will offer trading services for Dash against three forms of currencies comprising of Bitcoin, USDT as well as USD. the addition of Dash now means that the platform now lists 15 cryptos.
Notably, the crypto exchange listed Dash/USD trading pair which means that traders can buy Dash using fiat USD instead of having to buy a different crypto like BTC then buying Dash. The exchange stated that while customers will be able to buy Dash immediately using USD, deposited funds will be held for 10 days before they can be withdrawn.
The listing by Binance US is a major boost for the Dash community. Although the global version of Binance supports Dash there were concerns on whether the US branch with its own regulatory framework would support the privacy-centric crypto.
The addition is also important given that various crypto exchanges have in the recent past delisted Dash due to concerns about the utilization of the privacy-centric cryptocurrency. Previously, OKEx Korea announced delisting of the crypto but rescinded its decision saying that its reviewing Dash’s compliance with the requisite legal requirements.
In the recent past, Dash has made tremendous progress when it comes to being listed in major crypto exchanges. At the start of this month the cryptocurrency was listed in BitMart as well as Bibox. Similarly, Binance’s major domestic competitor Coinbase also added Dash to its offering last month.
The announcement by Binance US stated that the crypto exchange will continue its pursuit to offer access and trading among different digital assets and the exchange is continuously evaluating several coins, tokens as well as trading pairs that can be offered on its platform. In order to attract clients in its new market, Binance is providing various promotional offers to US clients comprising exemption of trading fees until Nov. 1.
The addition of Dash/USD trading pair was hailed by Dash as it will help in reduction in dependence on Bitcoin for trading purposes.