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The strategic partnership between Dash and SDM will help consolidate Dash’s business strength with re-spendable and secure transactions, with near-zero fees.
Dash, one of the world’s largest cryptocurrencies by market capitalization has entered into a partnership with Secure Digital Markets (SDM) to help pump liquidity into the Dash Network by leveraging SDM’s Over-the-Counter (OTC) trading desk.
The hallmark of every digital currency is to ensure adequate liquidity in a bid to meet growing demands in line with company growth. The partnership between Dash and SDM is aimed at achieving this as Dash said that it has continued to increase its community of institutional investors who buy, sell, and generally trade the digital currency.
“SDM offering liquidity across a wide range of cryptocurrencies, stablecoins, and fiat currency trading pairs to a global user base is the kind of variety that we are looking for. Their OTC platform is plugged into the best liquidity providers in the industry and is able to supply clients with the tightest prices on large trades. SDM is active in more than 20 different countries and supports multiple currencies – such as USD, EUR, JPY, MXN, CAD, BRL, and GBP – which can now all be used to purchase DASH,” – Ryan Taylor, CEO at Dash Core Group.
Dash is an open-source cryptocurrency. It is an altcoin that was forked from the Bitcoin protocol. It is also a decentralized autonomous organization run by a subset of its users, which are called “masternodes.” Dash prides itself as the only digital currency with a 51% attack proof network due to its advanced technology. This coupled with a near-instant transaction and a focus on hyperinflation, as well as remittances, has earned the company a large customer it hopes to serve with SDM’s offerings.
Dash Choice of SDM: Bespoke Offerings Targeted at Customers
Secure Digital Markets is a global digital asset trading, marketing making, and treasury management firm. The firm offers bespoke services by working hand in hand with clients to develop liquidation or asset acquisition strategies that are custom-tailored to their client’s needs, allowing them to optimize their ongoing fiat requirements or capital deployments. The service description is exactly the point of attraction for Dash who seeks to maintain its user-friendliness tag as it works towards more expansion.
With Dash’s customers being managed by SDM, David Shafrir, CEO at Secure Digital Markets said:
“We’ve been following Dash’s growth story for years and SDM is thrilled to join Dash’s ecosystem. Adding Dash to SDM’s portfolio of digital assets significantly broadens the trading desk’s offering to our clientele. While continually supporting SDM’s ethos of uncovering value in the market and helping our client’s identify unique opportunities outside of Bitcoin.”
In all, the strategic partnership between the two companies will help consolidate Dash’s business strength with re-spendable and secure transactions, with near-zero fees. Retail users can access Dash cryptocurrency in about 1,600+ ATMs and 100+ exchanges worldwide, and at the point of writing, one Dash Coin is trading at $67.37, with over 7% loss in the past 24 hours according to Coinpaprika.