Dash added to Binance US

[qwizzie]

Read more here : https://twitter.com/binanceamerica/status/1183930255150440449?s=21

Credits : Tungi17
Source : https://bitcointalk.org/index.php?topic=421615.msg52761351#msg52761351


Binance.US Will List Dash (DASH)

Binance.US, Binance's trading platform for its customers in the U.S., announced on Tuesday (October 15) that it had added support for another cryptoasset: Dash (DASH).

Read more here : https://www.cryptoglobe.com/latest/2019/10/binance-us-is-listing-dash-dash/

Credits : A. k. solo
Source : https://bitcointalk.org/index.php?topic=421615.msg52763921#msg52763921


This is great, Dash now has listings on additional major exchanges like Coinbase, Coinbase Pro, Vaultoro, Smart Valor and Binance US.
On a sidenote : OKEx Korea (a much smaller local Korean exchange) has decided to re-evaluate its earlier decision to delist Dash.
Fingers crossed they decide to keep Dash listed, their reasons to delist Dash were a bit strange to begin with.

Link : https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash

[Bttzed03]

Dash has been proactive with exchange listing. I guess this is a good news for the US privacy coin investors. 

On a sidenote : OKEx Korea (a much smaller local Korean exchange) has decided to re-evaluate its earlier decision to delist Dash.
Fingers crossed they decide to keep Dash listed, their reasons to delist Dash were a bit strange to begin with.

Link : https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash[/color]

Did Dash team approached OKEX Korea as well? Similar to what Zcash team did according to the article.

[qwizzie]

Dash has been proactive with exchange listing. I guess this is a good news for the US privacy coin investors.  

On a sidenote : OKEx Korea (a much smaller local Korean exchange) has decided to re-evaluate its earlier decision to delist Dash.
Fingers crossed they decide to keep Dash listed, their reasons to delist Dash were a bit strange to begin with.

Link : https://www.coindesk.com/okex-korea-reviewing-decision-to-delist-privacy-coins-zcash-and-dash[/color]

Did Dash team approached OKEX Korea as well? Similar to what Zcash team did according to the article.

Well, i know Dash team made a document outlining Dash position towards privacy, compliance and regulation and sent that out to exchanges in a pro-active way of educating exchanges about
Dash privacy feature and its full commitment to comply with FATF recommendations. I assume they sent this information to OKEx Korea as well.

Dash Core Group has received inquiries from exchanges seeking support for their compliance efforts with regulators. In particular, regulators are concerned that exchanges may be
unable to comply with KYC / AML regulations when transacting coins with privacy features. Because Dash is often found on lists of coins with privacy enhancements in the press and online,
Dash is at times a topic of regulator concerns.

To address these concerns, Dash Core Group has supported exchanges in their interactions with regulators. Through a process of education, we have been effective in explaining the technology
and convincing regulators that accepting Dash poses no incremental risk compared to Bitcoin. The required processes and compliance tools for Dash are identical to those required to support Bitcoin.

We are making this information available on our website in an effort to educate regulators, exchanges, money service providers, and lawmakers to make sure service providers can continue
servicing our users. We plan an information campaign with compliance officers and regulators over the coming month to dispel all concerns that Dash may pose an unmanageable risk.

Link : https://blog.dash.org/dashs-privacy-features-and-compliance-c27d79254ff1 (there is a pfd file of 6 pages in that blog, make sure to disable any adblock or it will mostly likely not show that pdf file)

[o48o]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

[key4co.in]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

[nutriagrigia]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

everything happens like this with dash because it is not anonymous. For a long time, every person in this market understands this. I would not connected with this coin if you are a fan of anonymous cryptocurrencies

[Bttzed03]

Dash Core Group has received inquiries from exchanges seeking support for their compliance efforts with regulators. In particular, regulators are concerned that exchanges may be unable to comply with KYC / AML regulations when transacting coins with privacy features. Because Dash is often found on lists of coins with privacy enhancements in the press and online, Dash is at times a topic of regulator concerns.
~

Ah isn't that nice. crypto exchanges contacting privacy coin developers and asking for feedback. This is what we want to see here, cooperation among the crypto community.

As always, thanks for the informative replies.

[ansi]

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

Absolutely true, that' why my portfolio is always have some Dash in it. I never though it will be listed in Binance USA though (after their endless financial regulations bullshit).
Dash should be among anyone's portfolio, this is one of the privacy coins that will always find a way to scale the regulators bullshit of some countries.
Great move from Dash.

[qwizzie]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

Dash has a few things working in its favor :

Dash has optional privacy on its transactions
Dash is a fork of Bitcoin
Dash has an open blockchain, where receiver, sender and amounts can be publicly viewed
Dash optional privacy known as PrivateSend which exists on a very low level on the Dash network (less then 1% of Dash transactions are PrivateSend transactions), is basicly the same kind of optional privacy which exists on a very low level on the Bitcoin network (4% of Bitcoin transactions are CoinJoin transactions), as Dash PrivateSend is an optimized form of Bitcoin CoinJoin.

Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year

This all makes it easy for exchanges to regard Dash the same as Bitcoin, from a legal point of view.



  

[qwizzie]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

OKEx Korea is re-evaluating its former decision to delist Dash and Zcash. No decision has been made so far, so we just have to wait for the outcome.
I think its a key factor that both Dash and Zcash offer an optional form of privacy on its transactions and are indicating that they can both comply to
FATF recommendations (including its travel rule).

[Pearls Before Swine]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it?

Probably because of its popularity and high ranking on coinmarketcap?  And I don't know, I see coins like pivx being listed on multiple exchanges, Binance included and that's just a Dash fork coin.

I used Binance before they restructured to the Binance US thing, and I could have sworn that Dash was already listed.  Was it not?

Dash should be among anyone's portfolio, this is one of the privacy coins that will always find a way to scale the regulators bullshit of some countries.

I fully agree.  The only reason some people hate it is because of the instamine debacle when it launched, and I don't know all the details of that but at this point I don't care.  It's a good coin to own.

[qwizzie]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

everything happens like this with dash because it is not anonymous. For a long time, every person in this market understands this. I would not connected with this coin if you are a fan of anonymous cryptocurrencies

Dash offers a level of privacy on its transactions, which depends on how well its users understand its limitations :

* using more mixing rounds provide stronger privacy

Default rounds to mix is 4 rounds = Good privacy
Setting rounds to mix to 2 rounds = Weak privacy
Setting rounds to mix to 16 rounds = Very strong privacy

* avoid using fixed (exchange) addresses before mixing
* dont use the exact same amount before mixing and after mixing in transactions  

There is a reason that more and more Bitcoin users are using CoinJoin enabled wallets, which is to anonymize their Bitcoin transactions. Dash PrivateSend is CoinJoin but then decentralized, faster and with
more rounds to mix.

[tsaroz]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

I really think DASH has been doing great with compliance, even though it's really a hard time for privacy coins. So many regulatory hindrances with privacy coins, but DASH always scale through. It's a good thing Binance US will list DASH and I also saw that OKEX KOREA won't delist it which is controversial to the former delisting news.

everything happens like this with dash because it is not anonymous. For a long time, every person in this market understands this. I would not connected with this coin if you are a fan of anonymous cryptocurrencies

If DASH was anonymous enough it wouldn't have passed the SEC monitoring to get listed on a US exchange. US is tightly controlling the coins that are being traded within it's jurisdiction using it's banks. It's the only reason why exchanges needs to open separate entity and list the coins that past the test. The coins that promises to share every data on demand are the only one's that gets pass through the screening.

[qwizzie]

Bitcoin itself is working on introducing more privacy to its Bitcoin Core wallets : https://www.coindesk.com/new-bips-hint-at-upcoming-taproot-bitcoin-soft-fork

Prolific bitcoin developer Pieter Wuille unveiled two Bitcoin Improvement Proposals (BIP) today that offer plans that could prove foundational to a possible upgrade to the cryptocurrency.

The two proposals, announced on the bitcoin developer email list, describe Taproot, a code change designed to increase bitcoin’s privacy. Taproot is expected to be bundled together with an upgrade
called Schnorr in a soft fork that developers have been looking into for some time, paving the way for privacy and scalability improvements to bitcoin.

It will be interesting to see how regulators will deal with that. Also it will be interesting to see what kind of privacy improvements emerge after these two BIPS, as these BIPS not only increase
existing privacy, but also function as a foundation for additional Bitcoin privacy features (Mimblewimble?  ).

[Vitamin_52]

this is great news, I just holder Dash and use the exchange binans. now a new planet for trade is open to me. this is the best news of the last year. x11 algorithm is still alive

[qwizzie]

I used Binance before they restructured to the Binance US thing, and I could have sworn that Dash was already listed.  Was it not?

https://dashnews.org/binance-us-adds-dash-including-us-dollar-trading-pairs/

Dash was previously supported on Binance, the international version of the exchange, and questions remained if the US version of the exchange, with its separate regulatory challenges,
would list the cryptocurrency.

Looks like Binance split in two separate exchanges, Binance (International focus) and Binance US (USA focus). Now they both support Dash.

[target]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

Dash has a few things working in its favor :

Dash has optional privacy on its transactions
Dash is a fork of Bitcoin
Dash has an open blockchain, where receiver, sender and amounts can be publicly viewed
Dash optional privacy known as PrivateSend which exists on a very low level on the Dash network (less then 1% of Dash transactions are PrivateSend transactions), is basicly the same kind of optional privacy which exists on a very low level on the Bitcoin network (4% of Bitcoin transactions are CoinJoin transactions), as Dash PrivateSend is an optimized form of Bitcoin CoinJoin.

Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year

This all makes it easy for exchanges to regard Dash the same as Bitcoin, from a legal point of view.
 

Thanks. I didn't really know much about all these with dash  specially that optional privacy setting but I had once tried lending Dash on bitfinex years ago which I find it not profitable. I'm however aware that there are merchants accepting DASH which is why I tried investing to it. This is good. Didn't take them so long to get listed, binanceUS is very new so it has to be adding a lot.

[shinratensei_]

Is that mean if DASH already passed CRC framework?
I still hodl some dash coins and it's good news to see more US exchange site has already opened the gate for dash.

If that's true and we have the next non security coin after bitcoin and ethereum called dash, right?  

But im not yet seeing dash listed here

https://www.cryptoratingcouncil.com/asset-ratings

[ganeshramk]

Great news. I wish DASH to move forward and get into the top 10 coins list again. Somehow this is not something in the radar of traders for the last few months already.

[qwizzie]

Could someone explain to me why Dash seems to get a pass as a privacy coin when it comes to listing it? It seems to be hard for any other privacy coins to list in anywhere good enough exchanges, and only reason i can see for rejecting them is just being privacy coins.

Dash has a few things working in its favor :

Dash has optional privacy on its transactions
Dash is a fork of Bitcoin
Dash has an open blockchain, where receiver, sender and amounts can be publicly viewed
Dash optional privacy known as PrivateSend which exists on a very low level on the Dash network (less then 1% of Dash transactions are PrivateSend transactions), is basicly the same kind of optional privacy which exists on a very low level on the Bitcoin network (4% of Bitcoin transactions are CoinJoin transactions), as Dash PrivateSend is an optimized form of Bitcoin CoinJoin.

Link : https://bitcoinmagazine.com/articles/percentage-coinjoin-bitcoin-transactions-triples-over-past-year

This all makes it easy for exchanges to regard Dash the same as Bitcoin, from a legal point of view.
 

Thanks. I didn't really know much about all these with dash  specially that optional privacy setting but I had once tried lending Dash on bitfinex years ago which I find it not profitable. I'm however aware that there are merchants accepting DASH which is why I tried investing to it. This is good. Didn't take them so long to get listed, binanceUS is very new so it has to be adding a lot.

Yeah, i exspect more listings from Binance US : https://www.theblockcrypto.com/post/35406/binance-shares-details-on-tokens-under-consideration-for-us-launch

All the 30 tokens under consideration by Binance US are: ADA, ATOM, BAT, BCHABC, BNB, BTC, DASH, EOS, ETC, ETH, HOT, IOTA, LINK, LOOM, LTC, MANA, NANO, NEO, PAX,
REP, RVN, TUSD, USDC, USDT, VET, WAVES, XLM, XRP, ZIL and ZRX.