Last week, Coinbase conducted an exploration period with cryptocurrency Dash. All must have gone well, considering headlines today are consisting of the exchange’s official listing of the coin.
Here are the details.
Coinbase Listing Dash: The Facts
Earlier last month, Coinbase said it conducted a report that explored eight cryptocurrencies. Dash was one of those virtual currencies, and it is the first to receive approval from the crypto exchange. The other currencies reviewed included Cosmos, Harmony, Waves, Matic, Ontology, and Algorand. In addition to being the 16th largest cryptocurrency, Dash is a proof-of-work digital asset, focusing primarily on security and payments.
According to the exchange, Dash has been listed on Coinbase Pro, which is one of the largest virtual currency exchanges by volume. The decision to list on Coinbase Pro is an investigative decision, according to CoinDesk.
The CEO of Dash Core Group, Ryan Taylor, spoke on the news in an interview with CoinDesk, saying the following: “Dash implements a privacy technique called CoinJoin. CoinJoin has been implemented a number of times on the bitcoin blockchain. Dash is one of the first which is why it probably has been labelled as a privacy coin.” Taylor added: “This is what Coinbase understands and what we’ve been educating exchanges and regulators about.”
More Listings to Come?
When Coinbase announced it was looking at eight cryptocurrencies, many thought that all of these products would get listed. The exchange did say, however, that because listing announcements are becoming more frequent, it will only announce the additions closer to the launch date: “Because listing announcements will become more frequent, we expect to publicly announce the addition of new assets only at or near the time of public launch across one or more Coinbase products.”
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