Bitfinex Exchange Adds Dash Support

Investing | March 9, 2017 By:

Bitfinex, the Hong Kong-based exchange, has added privacy-focused cryptocurrency Dash to its trading platform, offering exchanges in USD (DSHUSD) and Bitcoin (DSHBTC).

Dash is currently witnessing a historic rise in value, rising from $11 per coin at the beginning of the year to its current level of around $44 per coin. From January 1 to today, trading volume has hugely risen, and Dash’s market cap has zoomed to over $320 million USD, more than double that of every digital currency except Bitcoin and Ethereum.

“Dash is currently experiencing its breakout moment right now, and we want to be able to provide our growing customer base with seamless access to one of the rising stars in our space,” said Phil Potter, Bitfinex’s chief strategy officer.

Bitfinex has the most liquid order book in the world for altcoin trading, moving over USD $50 million every 24 hours. Founded in 2012, Bitfinex also offers leveraged margin trading through a peer-to-peer funding market.