Coinbase Pro Added Dash Cryptocurrency, Deposit And Trading To Begin Soon

  • Dash is on Coinbase Pro
  • Four stages of Coinbase Pro Launch
  • New York State and the United Kingdom excluded

coinbase-pro-dash-cryptocurrency-deposit-and-trading

Cryptocurrency exchange platform Coinbase Pro has announced the inclusion of Dash Cryptocurrency in their service. Coinbase will allow the deposit of Dash in Coinbase Pro starting from Monday, September 16.

Dash is on Coinbase Pro

Coinbase wrote in a blog, “On Monday September 16, 2019, we will begin accepting inbound transfers of DASH to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading. Trading will begin on or after 9AM Pacific Standard Time on Tuesday, September 17, if liquidity conditions are met.

Once sufficient supply of DASH is established on the platform, trading on the DASH/USD, and DASH/BTC order books will start in phases, Coinbase further clarified in the blog post regarding the trading options.

Kindly do note, Dash is not yet available on Coibase.Com and consumer mobile app. Coinbase Pro is the only platform where is Dash is available.

There will be four stages in the launch of Dash cryptocurrency on Copinbase Pro.

  1. Transfer-only. Starting on Monday September 16, customers will be able to transfer DASH into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for approximately 12 hours. We will communicate the exact timing for this phase via Twitter closer to the date.
  2. Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
  3. Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
  4. Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.

New York State and the United Kingdom excluded

New York State and the United Kingdom are in the list of exclusion of Dash’s launch of Coinbase Pro. The exchange platform neglected the detailing. Regulatory limits are the possible reason for the two regions being ignored.

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