The Dash Investment Foundation (DIF) has announced that it has invested in Quadency, a crypto trading platform, after receiving a proposal to participate in the round in November 2020.
Quadency has created automated trading tools and its platform is used by both retail and institutional investors.
Manish Kataria, Co-Founder of Quadency, explained:
â€œDemocratizing access and simplifying trading for such a quickly evolving industry has its challenges, but itâ€™s also why we couldnâ€™t be happier with this strategic partnership. As a veteran of the space set on innovating with it, Dashâ€™s transaction speed and efficiency aligns directly with value Quadency can pass on to investors â€“ especially with new, cutting-edge offerings currently in developmentï¿½?.
Dashâ€™s connection to Quadencyâ€™s crypto platform
The reason why the Dash Foundation decided to invest is perhaps because Quadency is a partner in the Dash FastPass Network, a collection of businesses that have integrated crypto into their ecosystem to give DASH multiple use cases.
Quadency is connected to most of the Dash FastPass exchanges to allow for trading, arbitrage and so on.
Ryan Taylor, Dashâ€™s investment supervisor and CEO of the Dash Core Group, explained:
â€œWe are working on a new major upgrade that will allow FastPass to be connected into a network of exchanges in a unique way. This will provide the Dash trader with the ability to interact with FastPass exchange members from one tool, Quadency. Quadency is emerging as one of the most sophisticated trading platform tools in the industry, with innovative products, well-designed dashboards, and a vision for how to deliver value to the market. We are incredibly excited about Quadencyâ€™s appreciation for what FastPass can do to improve the trading experience of its usersï¿½?.
In addition, the agreement means that masternodes â€“ i.e. those who own 100 or more Dash â€“ can test Quadencyâ€™s platform for free toÂ trade with Dash. There will be similar co-marketing initiatives in the future to increase the users of both platforms.