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Cryptocurrency exchange BTC-e adds new trading pairs for Dash amid price surge
Earlier, the exchange supported the trading of DSH/BTC pairs and DSH/USD.
The addition of the new pairs comes at a time when Dash price hit an all-time of $59.90 on March 02, 2017. Dash is currently the third most valuable cryptocurrency by market cap, after Bitcoin and Ethereum.
Experts believe that the recent upswing in Dash price is being driven by a number of factors including exchange integrations and plans for a user experience upgrade (among other technical updates), CoinDesk reported. However, some also consider the price surge to be the result of “pump-and-dump” market scheme, often seen in digital currency markets with lower volumes.
Dash is "proving itself in a highly competitive field", Dash director of finance Ryan Taylor told CoinDesk. “I believe that we are witnessing the market recognition of Dash as a true challenger to Bitcoin’s dominance of the cryptocurrency market. In a way that Bitcoin cannot, Dash is focusing on the user experience and applying payments industry best-practices into our product”.
Recently, Dash announced its partnership with Wall of Coins that allows people to buy and sell Dash from a nearby bank or financial services branch. With this partnership, users will now be able to exchange Dash at major national banks such as Chase, Bank of America, and Wells Fargo, as well as financial service companies like MoneyGram and Western Union. The growing number of Dash traders and investors, who currently have to buy Dash from a digital exchange using other cryptocurrencies, would now be able to convert cash to Dash near immediately.
At the time of writing, DSH/USD has substantially weakened and has broken below the 50.00 mark. It is currently trading at 39 levels.