Coinbase Pro account owners will be able to store, trade and receive Dash, in addition to Bitcoin, XRP, Ethereum, Bitcoin Cash, 0x, and Litecoin and 16 other cryptocurrencies.
Coinbase’s exchange for advanced users will implement Dash support in four stages, the first consisting of allowing users to transfer Dash to Coinbase Pro accounts that are in Coinbase’s supported jurisdictions, excepting New York State and the United Kingdom.
Dash is paired against USD and BTC, and users can start trading after 9:00 a.m. PST, if liquidity conditions are appropriate.
The exchange explained the next stages in its announcement:
“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.
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.
In the final stage, full trading services will be available, including limit, market, and stop orders.”
The exchange has stated that Dash is currently unavailable on Coinbase.com or its mobile apps, and at first, it will not support Dash’s special features, such as instant confirmations.
Dash Core CEO Ryan Taylor has maintained his stance that Dash is the most popular cryptocurrency used in the Venezuelan crisis.
“The progress we made in Venezuela is real. We see evidence of it growing constantly. We’re managing to sign up larger and larger chains.
We just signed up our largest chain: 22 pharmacies in Caracas, and we’re in negotiations with point-of-sale systems at this point. None of that work would be possible without Dash Merchant out there having built up a couple of thousand initial mom-and-pop type merchants. I think that the work in Venezuela is going to continue.”
Features image: Coindesk