Cardano (ADA) to launch on Coinbase Pro this Thursday, March 18th 🚨 This article is 4 years old...
Cardano (ADA) to launch on Coinbase Pro this Thursday, March 18th
Big news for the Cardano community, as Coinbase Pro is set to support ADA on its platform. Trading will begin on Thursday 18, at 9:00 AM Pacific time.
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Updated: Mar. 16, 2021 at 6:01 pm UTC
Per a blog post, Coinbase will support ADA in all of its jurisdictions. In the meantime, the platform will only support Shelley addresses (One of Cardano’s addresses that starts with the prefix “addr1”). Later on, Coinbase will enable full support for the Byron (legacy) wallet.
The fast-paced rise of Cardano
The move came after several Coinbase users requested listing ADA to the platform, as Cardano looks to take a larger role in the DeFi space.
Recently the Bloomberg Terminal (a software program that provides financial data) added Cardano to its list of supported assets. The move called the attention of major investors, as the protocol soars in popularity every day. The Cardano community saw this as a greater step for Cardano and its role in the digital economy.
In a recent interview with Bloomberg, Charles Hoskinson, founder of Cardano, stated that since Mary Fork was successfully implemented in the network, at least 100 DeFi projects will ditch Ethereum and migrate to Cardano.
The fork became a significant upgrade for Cardano’s ecosystem, turning it into a multi-asset ecosystem, and providing lucrative opportunities for many protocols in the DeFi-space.
At the time of press, the price of Cardano is up 14% in the past hour.
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Cardano Market Data
At the time of press 6:01 pm UTC on Mar. 16, 2021, Cardano is ranked #5 by market cap and the price is up 16.71% over the past 24 hours. Cardano has a market capitalization of $38.33 billion with a 24-hour trading volume of $7.05 billion. Learn more about Cardano ›
Crypto Market Summary
At the time of press 6:01 pm UTC on Mar. 16, 2021, the total crypto market is valued at at $1.7 trillion with a 24-hour volume of $139.62 billion. Bitcoin dominance is currently at 60.70%. Learn more about the crypto market ›
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Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.