CoinCola Partners With DASH -Hong Kong-based cryptocurrency exchange ‘CoinCola’ has chosen the South American nation, Venezuela, as its first new market. Similarly, CoinCola is best known for its peer-to-peer over-the-counter(OTC) cryptocurrency trading platform. It allows traders to buy and sell Bitcoin using their local fiat currency. The exchange will now enter into a strategic partnership with Dash. To increase the flow and accessibility of digital currencies.
According to an official press release, CoinCola will add DASH at a 0% trading fee for all the operations. Which are conducted in DASH cryptocurrency up until October 31st, 2018. CoinCola will also be offering a ‘Refer a Friend’ program so that every Venezuelan trader that brings in a new client to the platform can earn a 50% commission from every transaction the referer makes.
CoinCola Partners With DASH -DASH is the best partner CoinCola crypto exchange could have made to emerge in the Venezuelan market, as DASH is a popular coin in that country already and is globally accepted by more than 3,000 merchants. Venezuela alone has more than 1,450 merchants including grocers, restaurants and retail outlets accepting DASH; with its InstantSend feature, users can pay for goods and services in the country. Furthermore, the firm’s ‘Dash Treasure DAO’ – a decentralized investment fund – has already granted $33 million dollars of Dash since 2015 to the country. Venezuela is experiencing an economic crisis that has totally destroyed the local fiat currency. Inflation is expected to reach 10,000,000 percent this year. Virtual currencies seem to be the rescuers that are helping the population. With this in mind, CoinCola and Dash want the country to continue its path towards the adoption of virtual.
Largest OTC Platform
Regarding the partnership with DASH, CoinCola Founder and CEO Allan Zhang, said “CoinCola is averaging 100,000 transactions every month on our platform. We are the second largest public OTC platform in the world by transaction volume. At this time 95% of total transactions are from Asia. With our partnership with Dash, we will be truly global. We decided to partner with Dash. As it is the most efficient digital currency for payments, offers the lowest fees, and provides ‘InstantSend’ technology. Dash represents a strong presence in Venezuela, Latin America, and the rest of the world. We are very selective in with which coins we list to our platform and we are proud to now offer Dash to Venezuelan users.”
As stated above, CoinCola is a Hong Kong-based cryptocurrency exchange offering both over the counter (OTC) trading and coin-to-coin pair trading on one integrated platform. They offer fast, secure and easy-to-use trading services at competitive fees. The CoinCola OTC Marketplace allows people around the world to use their local fiat currency. Which is to buy and sell Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Litecoin (LTC), Tether (USDT) and Bitcoin Cash (BCH).