Deposits on Coinbase Pro have been opened today, Sept. 16 for cryptocurrency Dash following and exploratory period which concluded last week. Trading will commence Tuesday at 16:00 UTC.
On Aug. 5 Coinbase announced through a blog post it was in the process of reviewing eight cryptocurrencies, of which Dash was one. Algorand (ALGO), Cosmos (ATOM), Decred (DCR), Matic Network (MATIC), Harmony (ONE), Ontology (ONT) and WAVES make up the others on the Coinbase radar.
As is the case with new listings, the assets will initially be listed on Coinbase Pro, formerly known as GDAX with listing on Coinbase once enough liquidity has been nurtured.
The proof of work cryptocurrency known for its digital payments and e-commerce platform markets itself as providing you ‘the freedom to move your money any way you want. Grab a coffee, split a check, or pay your phone bill. Dash moves money anywhere, to anyone, instantly, for less than a cent.’
Coinbase is one of the largest crypto-asset exchanges in the world and boasts over 30 million users, with transactions amounting to $150 billion since it began in June 2012.
Dash is the latest cryptocurrency to join the Coinbase family which follows a recent trend of growth from the U.S. based crypto exchange. The firm has moved a long way from a basic listing of four assets to over 23 today. The company has also alluded to continuing this trend until at least 90% of the crypto marketcap is represented by Coinbase. ‘Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation. To make this vision a reality, we evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.’