Coinbase Pro Adds Support for Cardano's ADA
Trading will start on March 18 if sufficient supply of ADA is established on the platform.
Mar 16, 2021 at 7:01 p.m. UTCUpdated Aug 19, 2021 at 8:05 a.m. UTC
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- 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.
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