Coinbase launches Cardano (ADA) trading on retail app 🚨 This article is 3 years old...
Coinbase launches Cardano (ADA) trading on retail app
Cardano (ADA) trading is now available on Coinbase.com as well the exchange's Android and iOS apps.
2 min read
Updated: Mar. 19, 2021 at 8:33 pm UTC
Major US cryptocurrency exchange Coinbase has announced that Cardano (ADA) trading is now available on its platform.
“Starting today, Coinbase supports Cardano (ADA) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store ADA. ADA is available in all Coinbase-supported regions,” the exchange announced.
Cardano (ADA) is launching on https://t.co/bCG11KMQ6s and in the iOS and Android apps within the next 15 minutes. You may need to refresh your app to properly buy, sell, convert, send, receive, or store ADA. We will update when ADA is fully live. https://t.co/Zw1Cmn6N17
— Coinbase (@coinbase) March 19, 2021
As CryptoSlate reported, Coinbase has previously said that it would launch ADA on Coinbase Pro on March 18. The announcement came on the heels of many Coinbase users requesting to list ADA since the token is starting to play a significantly larger role in the decentralized finance space.
“One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies,” the exchange explained today.
Recently, financial data platform Bloomberg Terminal also added Cardano to the list of assets the prices of which it tracks. This piqued the interest of major investors since the platform is aimed at professionals and the protocol itself has been gaining increasingly more momentum lately.
Partly this is because Cardano is being constantly upgraded by the team of developers at Input Output Hong Kong (IOHK) led by Charles Hoskinson. The company itself is also in the final stages of signing a major government contract in Africa.
At press time, the listing didn’t affect ADA’s price so far. The price of ADA has stabilized around $1.30, up 2% on the day, according to CryptoSlate data.
Cardano Market Data
At the time of press 8:33 pm UTC on Mar. 19, 2021, Cardano is ranked #3 by market cap and the price is up 3.47% over the past 24 hours. Cardano has a market capitalization of $42.02 billion with a 24-hour trading volume of $8.26 billion. Learn more about Cardano ›
Crypto Market Summary
At the time of press 8:33 pm UTC on Mar. 19, 2021, the total crypto market is valued at at $1.83 trillion with a 24-hour volume of $117.55 billion. Bitcoin dominance is currently at 60.70%. Learn more about the crypto market ›
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Liam Frost
Liam Frost is a freelance journalist and editor with over 15 years of experience working for various media outlets across the world.
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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.