Cardano Finally Arrives On Coinbase, ADA Price Rises
Cardano is nevertheless part of the top 5 of the most important crypto-currencies on the market.
“Starting Today Tuesday March 16, transfer ADA into your Coinbase Pro account ahead of trading.
Support for ADA will be available in all Coinbase’s supported jurisdictions.
Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.”
The announced trading pairs are ADA-USD, ADA-BTC, ADA-EUR and ADA-GBP.
With more than 43 million users, ADA token trading will therefore benefit from a large base of investors and traders who will have access to this new and very popular crypto token.
Recently, Coinbase has added trading support for SushiSwap (SUSHI), Polygon (MATIC) and SKALE (SKL), The Graph (GRT), Aave, (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), NuCypher (NU), Wrapped Bitcoin (WBTC), Balancer (BAL), Ren (REN), Uniswap (UNI), yearn.finance (YFI), Loopring (LRC), UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG).
What is Cardano?
Considered a strong competitor to Ethereum, Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.”
The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.
Cardano founder Charles Hoskinson is also a co-founder of Ethereum.
Despite the fact that there are no smart contracts on Cardano yet, the price of the ADA token has seen an impressive rise in recent months to everyone’s surprise.