BitMEX has added Dash, an alternative to Bitcoin, to its platform, and this news comes after BitMEX implemented recent software updates and a 24-hour
BitMEX has added Dash, an alternative to Bitcoin, to its platform, and this news comes after BitMEX implemented recent software updates and a 24-hour trading volume. Dash listing on BitMEX comes at a time when the firm (Dash) has seen an increase in its liquidity and overall market capitalization following the launch of its upgrade software, Sentinel. As of 2nd January 2017, Dash reported market capitalization that soared 70% meaning that the platform reached its highest-ever market capitalization value that was reported to be about $120 million. With a 24-hour trading platform, an average of $2 million was traded on Dash, and that made it the 6th most traded digital currency in the world.
Mathew Meek, Business Development Spokesman for Dash, has expressed views that it is obvious that BitMEX will soon rank as a top platform when it comes to USD/BTC trading volume. He further argues that BitMEX users are finding Dash the most reliable market for derivatives of Bitcoin, and that perspective will see the two platforms growing their presence in the cryptocurrency market.
BitMEX enables its retail investors to have access to world cryptocurrency markets as well as the derivatives. The trading allows for Bitcoin leverage of up to 100x, and an even higher leverage on altcoin. Since November 2014, BitMEX has had transactions that have are worth over $4.5 billion. Meanwhile, Dash is joining an ever-growing roster of digital currency platforms comprising the likes of Bitcoin, Ethereum, Ethereum Classic, ZCash, Ripple, Monero, OneCoin, Augur, Fatcom, and Litecom.
Arthur Hayes, the CEO of BitMEX, has outlined plans that aim to make the company the largest platform for trading all derivatives of digital currencies, and the company has made a move to make Dash one of its product offering. BitMEX holds the view that financial privacy holds the key to a secure cryptocurrency exchange. Therefore, the first cryptocurrency platform that can offer untraceable electronic cash transfer system will open up its business for success, and that is a fate that Dash hopes to achieve with its team.
Dash has in recent times seen a spike in price and volume boost, and this was partly driven by its launch of Sentinel, a software that focuses on decentralized payments. The platform has also made a major business move by opening new headquarters at Arizona State University, SkySong Innovation Center. That moves makes Dash the first digital currency platform to own dedicated offices. Dash now ranks above Ethereum Classic and is now the 6th most traded digital currency in the world.