DASH Listing on Coinbase International Contracts: Rumor Verification and Privacy Coin Market Analysis

TL;DR

DASH has not been listed on Coinbase International's perpetual contracts. As of December 2, 2025 UTC, DASH-PERP is not included in Coinbase International's 50+ trading pairs, and there has been no official announcement regarding it. The decline in privacy coins shows a divergent pattern: DASH has plummeted 44.45% in the past 30 days, with a continued bearish technical outlook; Monero (XMR) has bucked the trend, rising 14.96%, becoming a beneficiary of fund rotation; Zcash (ZEC) has shown overbought signals after a 28.31% drop in 7 days. The market decline is mainly driven by the retreat of speculative trading and overall risk aversion, rather than the impact of a single exchange listing.

Core Analysis

DASH listed on Coinbase International Contracts: Fact Check

Listing Status : After verification from multiple sources, DASH is not listed as a perpetual contract on Coinbase International Exchange. Coinbase International's derivatives market covers 50+ trading pairs (including BTC-PERP, ETH-PERP, ZEC-PERP, etc.), but does not include the DASH-PERP trading pair. (coingecko )

Official Update : There were no DASH-related events listed on Coinbase 's perpetual contracts between January 1st and December 2nd, 2025.

Market Discussion : From November 15th to December 2nd, there was zero discussion on social media platforms (Twitter/X, etc.) regarding the listing of DASH on Coinbase International contracts. Coinbase International's 2025 plan mentions listing 50-80 new tokens, focusing on improving liquidity, but makes no mention of DASH .

Privacy coin market performance is mixed.

Data shows a clear divergence within the privacy coin sector: DASH suffered the most severe selling pressure, with a 30-day drop of over 40%; XMR became a safe haven for funds, rising nearly 15% in the past month; ZEC, despite a 28% drop in 7 days, only saw a -6.55% decline in the past 30 days, indicating a strong upward trend prior to its demise .

Market rotation logic : Community discussions indicate that funds are rotating within privacy coins, with XMR gaining favor after ZEC 's pullback due to its stronger anonymity (forced privacy vs. ZEC's optional privacy).

In-depth technical analysis

DASH technical indicators (as of 17:17 UTC, December 2) :

• Price structure : Currently at $49.27, it has broken through a key support level, and continues to trade below the 50-day moving average ($64.47) on the daily chart.
• RSI Analysis : The daily RSI has plummeted from 82.52 (overbought) 30 days ago to 40.10 (bearish), with no signs of reversal.
• MACD Momentum : The daily MACD histogram turned negative from +3.344 to -2.535, confirming the continuation of the downtrend.
• Moving averages : The price is below the EMA12 ($58.46), EMA26 ($63.43), and SMA50 ($64.47), forming a bearish alignment.
• Derivatives data : Total open interest $54.89M, up 1.41% in 24 hours; negative funding rates (Binance -0.031%, Bybit -0.058%), indicating that short sellers are paying long positions, with a slightly bullish sentiment.

XMR technical specifications :

• Price structure : $399.76, holding above the daily EMA26 ($386.60), but below the 4-hour SMA50 ($402.50).
• RSI Status : Daily RSI is at 54.10 (neutral to bullish), a slight pullback from 60.45 30 days ago, indicating stabilization rather than accelerated decline.
• MACD signal : The daily MACD histogram is at +0.694 (above the zero line), and although it weakened from +1.729, it has not turned bearish.
• Changes in holdings : Total holdings $60.10M, down 6.94% in 24 hours; negative funding rate (Binance -0.042%), indicating a deleveraging trend.

ZEC Technical Indicators :

• Price structure : $352.95, breaking through the key moving average, the daily chart shows a strong upward trend.
• RSI Warning : The daily RSI is at 77.12 (severely overbought), the same level as 77.12 30 days ago. Maintaining this high level suggests a risk of pullback.
• MACD Strength : Daily MACD histogram +9.778 (strongly bullish), confirming an uptrend with no reversal signal.
• Surge in open interest : Total open interest reached $785.50M, a 14.33% increase in 24 hours; funding rates are slightly positive (Binance +0.01%), with long positions paying short positions indicating a build-up of leveraged long positions.

Market Narrative and Sentiment Analysis

Privacy Coin Seasonal Narrative : The community positions privacy coins as infrastructure for dealing with regulatory scrutiny, urging investors to persevere amidst volatility. Renowned analyst David Gokhshtein emphasizes the enduring value of privacy protocols, with XMR, ZEC, and DASH gaining popularity due to the demand for genuine anonymous transactions and their resistance to surveillance. x.com

The "hype fading" argument : This opposing view holds that the "privacy season" was a short-term speculative frenzy driven by derivatives speculation, lacking organic support from the spot market and leading to a rapid reversal. The ZEC rally is categorized as unsustainable speculative activity. x.com

DASH specific dynamics :

• Payment Integration : DASH has partnered with Zebec Cards to enable instant cryptocurrency-to-fiat currency conversion for purchases via Mastercard integration, starting December 1st, enhancing everyday convenience. x.com
• Long-term target : Some analysts predict DASH could reach over $1,000, based on its payment utility and privacy-enhancing mixing capabilities, independent of Bitcoin's performance. x.com

Regulatory pressure : Increased regulation is seen as a structural headwind for privacy coins, with XMR and ZEC facing institutional adoption barriers due to compliance challenges. (x.com)

Institutional signals : Grayscale's filing of a ZEC ETF application with the SEC may pave the way for wider adoption of privacy assets, but its impact is limited given the current setbacks .

Multidimensional analysis of the causes of the decline

Speculation recedes : After a surge driven by hype, privacy coins experienced profit-taking, with ZEC leading the decline, confirming the withdrawal of speculative funds rather than a deterioration in fundamentals. The market capitalization of privacy coins remains around $15 billion, with most assets in negative territory. (Coindesk)

Market risk aversion : Declining risk appetite in the overall market amplified the decline in Altcoin, with privacy coins underperforming the broader market. The decoupling of traditional correlations (such as XMR-ZEC) exposed vulnerabilities during periods of low activity.

Liquidity factors : Low liquidity amplifies price volatility, and even small selling pressure can trigger a chain reaction. DASH's daily trading volume of $117 million is relatively low compared to its market capitalization, exacerbating downward pressure. (coingecko )

Catalyst Lack : No new positive catalysts (such as ETF approval) have emerged to unwind speculative hedging, preventing the trend from continuing. ZEC 's ETF application has yet to provide substantial support.

in conclusion

The rumor that DASH has not been listed on Coinbase's international derivatives contracts is unfounded. The decline in privacy coins is not a full-blown crisis, but rather a differentiated adjustment: DASH continues its technical bear market, with a 44.45% drop in 30 days and no reversal signals; XMR bucked the trend, rising 14.96% and becoming a safe haven for funds within the sector; ZEC experienced significant volatility, technically overbought but still maintaining short-term strength.

The core drivers of the market decline were the waning of speculative activity, overall risk aversion, the amplifying effect of low liquidity, and the lack of new catalysts to offset selling pressure. Fundamental developments such as the integration of DASH with Zebec Cards payments failed to reverse the technical weakness. Investors should be wary of the risk of DASH continuing to search for a bottom (key support at $39.88), while also monitoring whether the relative strength of XMR can be sustained, and the downward pressure on ZEC after its overbought condition.