Licensed by the Financial Services Authority, QUOINEX is one of the most liquid Japanese digital assets by daily trading volume. The move means Dash can be traded against the Japanese yen, Hong Kong dollar, Singapore dollar, the euro, the US dollar, the Australian dollar, the Indonesian rupiah, the Indian rupee, Bitcoin, and Ethereum.
Dash will enjoy added market depth with an integration into LIQUID, QUOINE’s global liquidity platform. It provides access to major cryptocurrency and fiat pairs via a matching engine, cross currency conversion engine, and low latency smart order routing to multiple exchanges.
“It’s exciting to work with a reputable and licensed trading operation in a geography where customers are rapidly realizing the benefits of Dash,” Dash Core Group CEO Ryan Taylor said. “Digital currency adoption is spreading rapidly in Southeast Asia, and Dash is an ideal option to provide the low cost and rapid transactions this region requires.
“The digital currency boom is being felt widely particularly in Japan and Southeast Asia, so it’s no surprise QRYPTOS and QUOINEX are seeing record signups.”
“Asia is a fast growing market for digital currencies, as shown from the rapid adoption of digital payments in China, Japan, India, Indonesia and other parts of the world,” QUOINE CEO Mike Kayamori said. “Countries in Asia have some of the highest rates of unbanked populations in the world. This presents a massive growth market for awareness and adoption of digital currencies. For new cryptocurrency issuers such as Dash and digital exchanges such as QUOINEX and QRYPTOS, this provides us a wonderful opportunity to collaborate with regulators and other industry players to drive economic growth together in a new digital era in a way that is sustainable and inclusive.
“We decided to support Dash on QRYPTOS and QUOINEX to meet a growing market demand for Dash in Asia. We are excited to onboard Dash, an innovative digital currency. We believe the lifeblood of any new digital economy is liquidity. Our QUOINE LIQUID platform will help provide market liquidity to facilitate the movement of Dash in underbanked and unbanked economies, so we expect to see a positive spillover effect in the increasing utility of Dash in these markets.”