Dash, which ranks as the sixth-largest cryptocurrency by market value, debuts on Qryptos (a cryptocurrency-only trading platform) and Quoinex (a crypto-fiat exchange), both operating as subsidiaries o
Dash, which ranks as the sixth-largest cryptocurrency by market value, debuts on Qryptos (a cryptocurrency-only trading platform) and Quoinex (a crypto-fiat exchange), both operating as subsidiaries of Tokyo-based startup Quoine. The asset is now tradeable across eight fiat currencies—the Japanese yen, US dollar, Hong Kong dollar, Singapore dollar, euro, Indonesian rupiah, Indian rupee, and Philippine peso—as well as major digital assets including Bitcoin Cash and ether.
Beyond these two exchanges, Dash gains inclusion on Quoine's forthcoming Liquid platform, arriving in 2018 as a globally distributed liquidity network. The initiative centers on facilitating worldwide trader access to prominent fiat and cryptocurrency pairs. Backing this momentum, Quoine will introduce QASH in November as the Liquid platform's underlying token. This token sale represents a historic milestone: a regulated cryptocurrency exchange conducting an initial coin offering. Proceeds will fuel ongoing platform improvements and broader growth.
Tokyo serves as Quoine's headquarters, with satellite offices spanning Singapore and Vietnam's Ho Chi Minh City. Cryptocompare data indicates the exchange dominates bitcoin trading volumes in multiple Asian markets: against the Singapore dollar, Indonesian rupiah, Australian dollar, and Philippine peso. Japan's Financial Services Agency formally licensed the operation in September.
Growing demand for Dash throughout Asia underpinned the expansion. Quoine CEO Mike Kayamori, previously a vice president at Softbank, emphasized the region's trajectory: accelerating digital payment adoption concentrated in China, Japan, and Indonesia. Asian markets harbor unusually high concentrations of unbanked individuals, creating substantial opportunity. "Countries in Asia have some of the highest rates of unbanked populations in the world. This presents a massive growth market for awareness and adoption of digital currencies," Kayamori explained. He elaborated on the broader collaborative vision: "For new cryptocurrency issuers such as Dash and digital exchanges such as Quoinex and Qryptos, this provides us a wonderful opportunity to collaborate with regulators and other industry players to drive economic growth together in a new digital era in a way that is sustainable and inclusive."
Dash Core CEO Ryan Taylor voiced enthusiasm about the partnership. "It's exciting to work with a reputable and licensed trading operation in a geography where customers are rapidly realizing the benefits of Dash," Taylor said. The executive highlighted Southeast Asia's momentum: "Digital currency adoption is spreading rapidly in Southeast Asia […] The digital currency boom is being felt widely particularly in Japan and Southeast Asia."
Japan's substantial share of global bitcoin trading traces to recent regulatory developments. Following China's crackdown—halting new initial coin offerings and mandating domestic exchange closures—trading activity concentrated in Japan. Currently, yen-denominated bitcoin trades represent nearly 60 percent of worldwide activity. Dollar-based pairs account for 23 percent, with South Korean won pairings capturing the remaining 9 percent.
