Coinbase launches Cardano (ADA) trading on retail app

Major US cryptocurrency exchange Coinbase has announced that Cardano (ADA) trading is now available on its platform.

“Starting today, Coinbase supports Cardano (ADA) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store ADA. ADA is available in all Coinbase-supported regions,” the exchange announced.

As CryptoSlate reported, Coinbase has previously said that it would launch ADA on Coinbase Pro on March 18. The announcement came on the heels of many Coinbase users requesting to list ADA since the token is starting to play a significantly larger role in the decentralized finance space.

“One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies,” the exchange explained today.

Recently, financial data platform Bloomberg Terminal also added Cardano to the list of assets the prices of which it tracks. This piqued the interest of major investors since the platform is aimed at professionals and the protocol itself has been gaining increasingly more momentum lately.

Partly this is because Cardano is being constantly upgraded by the team of developers at Input Output Hong Kong (IOHK) led by Charles Hoskinson. The company itself is also in the final stages of signing a major government contract in Africa.

ADA is trading at around $1.30
ADA IS TRADING AT AROUND $1.30. IMAGE: COINGECKO

At press time, the listing didn’t affect ADA’s price so far. The price of ADA has stabilized around $1.30, up 2% on the day, according to CryptoSlate data.

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