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December 17, 2018
BTC News Today
Exchanges

MBAex Accepting Dash To It’s Exchange

A cryptocurrency exchange in Southeast Asia, MBAex, will start to implement DAsh into its platform along with their own token MDP, Tether and Bitcoin trading pairs, due to the great work from Dash Embassy D-A-CH.

The exchange’s currency consumer base is around “70% from Greater China area (China, Taiwan, HK, Macau)”, “20% SE Asia”, as well as “10% Others” areas with “daily website traffic of approximately 1.8mil access and active trader count of approximately 200k to 300k individuals.”

The exchange told Dash Force News that they currently have over 1 million registered KYC–ed users. The integration will expose Dash to more individuals along with having the advantages of their “24hrs live chat support and an affiliate program to drive the growth of user base and transactions.”

The exchange features trading fees which are 0.05% with a VIP6 subscription and a normal rate of just 0.1%. They also have extensive informational and research sections for traders. Over the next two years, MBAex has a goal to offer more products and services to grow their community, continue efforts on branding and marketing and expand in European markets.

MBAex has said that they are motivated to integrate Dash because they always select the project with a great value proposition and potential to fulfil the needs of their user base. This is a common theme throughout the ecosystem and development of Dash. the payment processor and exchange, SlithEx is also aiming at integration in Southeast Asia by using Dash’s ease of use and technology advances to gain a better adoption.

As said by Dash Force News:

“Many groups who have integrated Dash have highlighted Dash’s focus on everyday usability as a reason for the integration and this increases the demand to buy and sell Dash on exchanges”

The demand from merchants and consumers alike which want to buy Dash to use it or need to liquidate it into fiat to pay bills which can’t currently be paid through Dash.

The team at Dash has actually said that it will focus on increasing adoption for Dash. This is due to traders using Dash as their liquidity service to move between exchanges and other coins quickly to capture the potential gains because Dash is faster and cheaper to move than other coins

What are your thoughts? Let us know what you think down below in the comments!

source: https://cryptodaily.co.uk/2018/11/mbaex-accepting-dash-to-its-exchange/

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