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Cardano's ADA Is Now Tradable on Coinbase
ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion.
Days after being listed on Coinbase Pro, Cardano's ADA token is available to Coinbase retail traders for the first time.
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The San Francisco-based crypto exchange announced the listing Friday:
ADA is now live on https://t.co/bCG11KMQ6s and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store ADA.
— Coinbase (@coinbase) March 19, 2021
ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion, according to CoinGecko.
Fans of the ADA token have long clamored for a Coinbase listing. The coin is up roughly 3% in the past hour, trading hands at $1.30.
"This marks another significant milestone in the development of Cardano, allowing Coinbase’s extensive user base to access ADA for the first time," Cardano founder Charles Hoskinson, CEO of IOHK, said in a statement.
Update (March 20, 21:48 UTC): Adds comment from Cardano's Charles Hoskinson.
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
