Coinbase Pro is adding support for Cardano’s ADA (+22.39%), with trading beginning Thursday once sufficient supply of ADA is established on the platform, the exchange said Tuesday.
Trading will start on or after 16:00 UTC (12 p.m. ET) March 18 if liquidity conditions are met. Coinbase Pro will only support withdrawals to addresses on the Cardano network’s decentralized Shelley hard fork.
Support for addresses using the previous, Byron, version will be enabled shortly, Coinbase added. Aspiring Ethereum-rival Cardano gained 274% in February. ADA has become the third-most valuable cryptocurrency by market capitalization, leapfrogging bitcoin cash (BCH, -0.65%), litecoin (LTC, +0.76%) and XRP (-4.75%).
ADA was also added to Bloomberg terminals recently, potentially providing a large number of professional traders with exposure to the crypto asset.
At press time, ADA was priced at $1.23, up 17.09% in the past 24 hours, and has a market cap of $39.44 billion.
Coinbase Pro Adds Support for Cardano’s ADA, ConDesk, Mar 17
- WTI crude oil reversed from support level 72.25 - Likely to rise to resistance…
- USDCAD reversed from support zone - Likely to rise to resistance level 1.4450 USDCAD…
- GBPCHF reversed from resistance zone - Likely to fall to support level 1.1200 GBPCHF…
- USDJPY broke resistance level 158.00 - Likely to rise to resistance level 160.00 USDJPY…
Oil prices are rising due to stronger than expected economic data from the US, the…
The cryptocurrency market experienced a decline due to speculation of tighter monetary policy. Bitcoin and…
This website uses cookies