Partnershipunlocks buy and sells for Dash against traditional markets like stocks, oil andgold
New York, NY – April 18, 2017 – Dash, the rising alternative tobitcoin, has been integrated as a base currency on Whaleclub’s unique tradingplatform. The partnership means Dash users can trade against Oil, Gold, Stocks,Forex and Bonds seamlessly and instantly, unlocking a brand new way to makepotential gains on the rise and fall of traditional markets. Whaleclub, basedin Hong Kong, has facilitated over $1.5 billion USD in trades since itsinception last year, and processes about $10 million USD in volume every 24hours.
VP of Dash Business Development Daniel Diaz said, “Whaleclub is a one-of-a-kindservice. It offers access to trade traditional financial markets using Dash,opening up a completely new universe of options for our users and another greatuse case for Dash’s worldwide versatility. Not only will this allow currentDash investors to trade traditional markets like, stocks, metals, forex andbonds, it may also attract new investors that want to trade traditional marketsbut maybe find regulatory hurdles and minimum trading requirements on thosemarkets too big of a challenge to overcome.”
With the integration now complete, Dash users can sign up to Whaleclub andtrade against more than 50 different assets, withdraw earnings as they arise,let their investment grow, or simply add more Dash to trade larger amounts.Leverage trading up to 200x is also available.
Diaz added, “Whaleclub is like a futures exchange where people can speculate onthe performance of traditional markets and look for short term or long termmargins. It’s a very original product that will most certainly draw more Dashusers, and we are excited to build a long term partnership with theprofessional and transparent team at Whaleclub.”
Chief Product Officer at Whaleclub Ian Glindro said, “We were impressed withDash’s payment network growth, innovation, and DAO structure, so when the Dashteam approached us about a potential partnership and Whaleclub integration, wewere very excited to get that built. Dash users can now sign up to Whaleclubwith just an email (no ID verification) from anywhere in the world, depositDash, and start trading within minutes. We expect strong demand as the Dashecosystem continues to grow globally and investors look for a capable and ambitiousBitcoin alternative.”
Whaleclub matches trades internally at no cost to traders. There are noexecutions fees, orders are filled in 1 click instead of tranches (noslippage), and stop and take-profit orders execute at the prices set, reducingrisk and trading costs as compared to a traditional order book exchange.
Whaleclub also accepts Bitcoin as a base currency to cater to a wider array ofusers. Already, 20,000 customers are active on the platform and growth in theAsian market is strong.
Glindro said, “We operate an internal matching model powered by digitalcurrency only. We’re not bogged down by liquidity issues or antiquated fiatprocesses, and this gives us a lot of room to innovate. We are seeing fastadoption in Asia because demand for digital currency is on the rise,particularly in Japan, Korea and China. Dash has shown healthy signs of growthand is starting to command mindshare in Asia. Further internationalizationefforts by the Dash team will likely accelerate that growth because exchangeand trading services will serve as a beachhead for Dash in the Asian market.”
Whaleclub plans to release over 75 new markets by the end of 2017, spanningcryptocurrencies, Forex, stocks, and commodities.