Cryptocurrency Dash Expands Into Capital Markets With Tradecore Partnership

Blockchain, News | July 26, 2018 By:

Brokerage software company Tradecore has integrated Dash into its platform, enabling financial service providers and capital market businesses to send, receive, and hold Dash.

TradeCore is a multi-product and full-service FinTech company developing tools for brokers and financial service providers, including client onboarding, identity verification, proactive customer support, advanced analytical tools, and marketing automation. The company also assists clients by “reducing costs, optimizing workflow, and helping build upon a company’s strategic plans” to add value to the brokerage’s client offerings.

In addition to Dash, the partnership will also give brokers the ability to trade other major cryptocurrencies such as bitcoin and Litecoin. The Dash integration was made possible through the companies’ partnership with BlockCypher, which provides a way for organizations to easily build reliable blockchain applications.

“This is an exciting integration for Dash as Tradecore extends the reach to online brokerages on a much broader scale,” said Ryan Taylor, CEO of Dash Core. “With Tradecore embedding Dash integration into products that brokerages use or white label for their end users, we look to continue the expansion of our global network, particularly in Europe and other regions where brokerages are instrumental in increasing Dash adoption.”

Dash, the 14th-largest cryptocurrency by market capitalization, excels at everyday transaction-based usability since it has focused on maintaining low transaction fees and fast confirmation times. Dash claims that it is about 200x cheaper than bitcoin, with eight times the capacity to verify transactions every second.

“We chose BlockCypher because of their blockchain agnostic approach and world class service,” said Stefan Pajkovic, CEO of Tradecore. “We chose Dash as one of the first digital assets to support our platform because it has among the lowest fees and fastest transactions of any blockchain network.”