Exchanges are actively working with the Cardano Foundation to become Alonzo-ready
According to a recent development update published by IOHK, six cryptocurrency exchanges are “actively engaging” with the Cardano Foundation to integrate the much-anticipated smart contract upgrade.
Meanwhile, the first exchanges are making progress integrating with our components, with 6 exchanges now actively engaging with the CF-led integration team. We expect numbers to increase rapidly as the week progresses. 7/8— Input Output (@InputOutputHK) August 16, 2021
Their number is expected to rapidly increase during this week as Cardano inches closer toward the launch of the Alonzo hard fork.
IOHK aims to make sure that as many exchanges as possible are Alonzo-ready before the upgrade gets deployed on the mainnet.
As explained by Nigel Hemsley, head of delivery at Cardano, the majority of exchanges have to be on board in order to reach the necessary level of liquidity before the hard fork combinator event:
We do need the lion’s share…cause it provides us with liquidity before we do the hard fork.
As reported by U.Today, Cardano’s smart contacts are set to launch on Sept. 12.