Dash will soon be available to trade on BitFlyer and Coin Rail as Asian markets expand.
Japanese exchange BitFlyer, one of the country’s largest, may list Dash soon. a look into the CSS stylesheets shows evidence of trading pairs for Dash, Zcash, NEM, and Monero in the works. This is as of yet unconfirmed, as no official announcement has been made regarding these integrations, and BitFlyer officially remains vague on its near future integration plans:
No new currencies are confirmed for release at this time. All additional currencies undergo thorough review before release on bitFlyer.
— bitFlyer（ビットフライヤー） (@bitFlyer) October 16, 2017
Dash will soon be added to Korean exchange Coin Rail
Korean exchange Coin Rail also announced it would be adding Dash soon. In a post from the 13th of October, the exchange announced the creation of wallets for Dash, Litecoin, and EOS on the 16th, to be followed by listing of trading pairs for those coins on the 18th.
Korea plays a major role in the Dash trading markets. At present, volume from Bithumb’s Dash/KRW trading pair alone represents 23% of Dash’s 24-hour trading volume. This is indicative of serious interest in Dash from Korea, which will have a new outlet with the Coin Rail integration.
Non-Chinese Asian markets take center stage
The expansion of Japanese and Korean markets further strengthens Dash in a region where interest in cryptocurrencies is booming. Trading in the Korean won accounts for nearly 25% of trading volume, compared to 35% for USD and 38% for Bitcoin. Trading in Bitcoin has significantly shifted towards Japanese markets, with nearly 58% of trading coming from BTC/JPY trading pairs.
The major shift towards Japan and Korea comes as regional influence moves away from China. Last month, China ordered all exchanges to stop trading, adding to the market correction that had begun after the country announced a ban on ICOs. During this period of reevaluation of regulation regarding cryptocurrencies, unmet market demand has shifted to neighboring countries.