Cardano ADA Established its position in Coinbase’s Trade

For the first time, ADA has been made available to the retail traders on the Coinbase Exchange's Interface.
  • On Friday, Coinbase released its list, including Cardano (ADA)
  • ADA was bought for $1.87 per piece within 1 hour of its opening
  • Cardano’s founder estimates that over 100 crypto companies will shift from Ethereum to Cardano this year

Cardano (ADA), presently with a market capitalization of $41.9 billion, is trading as the third-largest cryptocurrency. Recently, ADA was listed on the Coinbase Pro and within a few days, Coinbase included the token ADA. Now, ADA has been made available to the retail traders on the exchange’s interface for the first time.

Coinbase officially included Cardano

Coinbase released its list, mentioning Cardano’s ADA on Friday. An official tweet advised the investors to be prepared and possibly refresh their apps to receive on-time price updates and properly buy, sell, convert, send, receive, or store Cardano. The San Francisco-based crypto exchange opened ADA trade at $1.65. And within 1 hour of its opening, ADA was bought for $1.87 per piece. Then gradually, the ADA price was stabilized to $1.35.

Inclusion Boost

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The ADA inclusion in Coinbase Pro’s listings also played a huge part in the price boost of ADA. Previously, ADA was trading at barely $1, which post listing saw an immediate surge of 20%. Coinbase’s native token ADA, in the past hour, witnessed a price hike of nearly 3%, currently trading at $1.45.

Hoskinson’s Opinion

The Founder of Cardano and CEO of IOHK, Charles Hoskinson, feels these recent events of availing ADA trade access to the extensive user support of Coinbase for the first time marks a crucial breakthrough in the development of Cardano. He even predicted that this year more than 100 crypto companies would shift from Ethereum to Cardano.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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