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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.
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.
STORY CONTINUES BELOW
- 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
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
