Here’s Why QASH (QASH) Is Up Over 24% Right Now


QASH (QASH), the cryptocurrency associated with Liquid, a trading platform that bridges fiat and crypto, has been one of the best-performing cryptocurrencies over the last 24 hours.

According to data from the AltDex 100 Index, QASH has surged more than 24.6% on the back of a major announcement from Liquid.

AltDex top-10 gainers (AltDex)

On Thursday morning, Liquid announced that it has partnered with Simplex to enable the use of both credit and debit cards on the trading platform. The new functionality allows Liquid customers to use a Visa or Mastercard to deposit euros, which can be used to buy cryptocurrencies, or used as a funding currency for margin trading on Liquid.

“We are extremely excited to be working with Simplex on this fantastic innovation to bring even more flexibility to crypto traders and holders on our Liquid platform,” said Seth Melamed, Liquid’s global head of business development and sales. “We have already raised the bar by supporting various fiat currencies, but now we can take that one step further by offering Liquid customers the freedom to make quick and easy deposits using their regular credit or debit card. This represents a significant milestone for Liquid as we continue to roll out useful services for our users.”

This is a similar arrangement to those previously made with major cryptocurrency exchanges like KuCoin and Binance.

QASH/USD (CoinCodex)

A look at the QASH’s chart shows that the Simplex announcement, which was tweeted out at 4:20 AM (EST), appears to be the direct catalyst for the surge. While QASH initially jumped over 54%, the altcoin has since pulled back is now trading for $0.100924, giving it a $35 million market cap.

More: Liquid and Simplex partner to offer credit and debit card deposits for cryptocurrency traders
Similar: AltDex Cryptocurrency Index Platform

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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