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- In late August, the Bitpoint exchange plans to offer Cardano (ADA) in Japan
- Apart from that, Guillemot emphasized that when it comes to crypto listing, Japan has tougher rules for exchanges
- Guillemot also made a comparison between the impending ADA listing and the Japanese community’s Coinbase listing
In late August, the Bitpoint exchange plans to offer Cardano (ADA) in Japan. This is the first time ADA will be listed on the Bitpoint exchange. Bitpoint, a Japan-based exchange, is planning to offer Cardano (ADA) in late August, according to a tweet from dcSpark Co-Founder Sebastien Guillemot. If this happens, Bitpoint will be the first crypto exchange in Japan to list ADA. Apart from that, Guillemot emphasized that when it comes to crypto listing, Japan has tougher rules for exchanges. He also noted that the laws only allow a modest amount of currencies to be listed on the country’s exchanges. Despite the highly strict laws regulating crypto exchanges in Japan, ADA has received a listing preference from Bitpoint.
Meanwhile, Cardano’s Bitpoint listing shows that the cryptocurrency is rapidly gaining traction. Guillemot also made a comparison between the impending ADA listing and the Japanese community’s Coinbase listing. In this statement, he asserted that the upcoming Bitpoint-ADA listing is on par with the Japanese crypto community. The Twitter crypto community reacted positively to Guillemot’s post. Many individuals believe Bitpoint’s decision to list Cardano is a smart move that will raise Japan’s prominence. Others have expressed their eagerness to see ADA trade on the Bitpoint market on a consistent basis.
The Cardano Blockchain has the unique ability to generate, interact with, and delete bespoke tokens natively. In this situation, native implies that, in addition to sending and receiving the official currency ADA, you may interact with bespoke assets right out of the box – without the need for smart contracts. Native assets may virtually be considered as ADA in every manner because the capability is already built-in. Of course, there are certain limitations (which we’ll discuss later), but you can think of native assets as a way to build your own custom for the time being. Unlike Ethereum, which needs smart contracts (i.e. bespoke code) to create user-defined tokens, Cardano supports user-defined tokens out of the box. The Mary protocol upgrade, which went live on Cardano’s mainnet on March 1, included this support.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
