Dash added to BitMEX

Cryptocurrency Dash announced this week it has been added to the cryptocurrency derivatives trading platform BitMEX.

The launch comes shortly after Dash launched Sentinel, its software upgrade. Dash has also seen its market cap rise 70 per cent to $120 million, and more than $2 million worth of Dash is exchanged each day.

“After observing the volumes traded on BitMEX for sometime, it was obvious that BitMEX is consistency ranking amongst the top in USD/BTC volume on a daily basis,” Dash spokesman Matthew Meek said. “We felt that having Dash as an offering for BitMEX’s users was an obvious choice and one that would also provide Dash with its first derivative-based market, which we are excited about.”

BitMEX provides retail investors with access to global cryptocurrency and derivative markets and allows up to 100x leverage on Bitcoin. More than $4.5 billion has been traded on the exchange over the past 27 months. Other BitMEX cryptocurrencies include Bitcoin, Zcash, Ethereum, Ethereum Classic, Monero, Ripple, Augur, Litecoin and Factom.