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Coinbase Pro Adds Support for Cardano's ADA
Trading will start on March 18 if sufficient supply of ADA is established on the platform.
Updated Sep 14, 2021, 12:27 p.m. Published Mar 16, 2021, 7:01 p.m.
Coinbase Pro is adding support for Cardano's ADA, with trading beginning Thursday once sufficient supply of ADA is established on the platform, the exchange said Tuesday.
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- 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, litecoin and XRP.
- 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.
See also: Cardano’s ADA Is Now the Third-Largest Cryptocurrency by Market Cap
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