LATOKEN, a top-ranked cryptocurrency exchange by volume, has integrated Dash to the platform.
— LATOKEN (@latokens) July 23, 2019
Co-founder of Dash Thailand and their new venture, Dash Next, Felix Mago, mentioned how “Dash is very excited to be listed on LATOKEN as it provides [their] users even more liquidity and flexibility for trading and using Dash for real-life payments”. Then LATOKEN’s CEO Valentin Preobrazhenskiy added how the integration will help both parties and their respective users.
“Listing on LATOKEN, with its more than 400,000 registered users, will increase Dash adoption among traders, while LATOKEN customers will get access to trading of one of the top cryptocurrency unicorns.”
Dash will have trading pairs with BTC and USDT and trading fees are 0.05% for pairs with LA and 0.1% for all other pairs, according to their website. There are also no deposit fees, but there are withdrawal fees, which currently lists 0 Dash for a withdrawal fee and a minimum withdrawal of 0.0001 Dash.
A new and attractive trading platform for Dash users
Dash has previously been cited as a preference by traders that need to move in and out of markets quickly and cheaply to take advantage of arbitrage opportunities. LATOKEN also provides Dash the opportunity to reach new consumers since “LATOKEN IEO Launchpad [is] recognized as #1 IEO provider by researching firm InWara”, which has enabled “LATOKEN [to] connect 130+ startups with 400,000 platform users and 1.5 million visitors per month” since 2017, according to the press release.
Further, the exchange allows multiple KYC requirement levels, Tier 0, Tier 1, Tier 2, and Tier 3, which each offer different 24 hour withdrawal limits; 1,000 USD, 10,000 USD, 100,000 USD, and over 100,000 USD, respectively. Then for a user to gain access to to Tier 0, they simply have to verify an email address. Then to become Tier #1, users simply need to submit their name, age, gender, and country of residence. The simple signup for the entry levels make the platform more widely available to more consumers, which helps increase liquidity for the Dash ecosystem by removing entry barriers.
Dash’s natural fit for further exchange integrations
While many of these exchanges have numerous cryptocurrencies for users to choose from, Dash stands out by providing a coin that can actually be used around the world at merchants listed on Discover Dash. This enables Dash to actually achieve the original goals of cryptocurrency to be an alternative to traditional finance and payment methods. However, these features that make Dash great for purchases also make it great for trading, cited by Dash Core Group’s Business Development Team for its speed, inexpensiveness, and security thanks to innovations like New InstantSend and ChainLocks. Dash’s combinations of features that help it excel as a great application for trading and real world purchases help reinforce its value proposition and contributes to a less volatile and less speculative currency.