Coinbase Pro added support for Cardano’s ADA, ADA price rebounded

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2021-03-23 07:33:15

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Cardano’s ADA will be the latest cryptocurrency to receive Coinbase Pro support.

Recently on the twitter of Coinbase Pro announced that they will support trading for copper Cardano’s ADA. Trading will commence at 16:00 UTC on 18 March if the liquidity conditions are met.

Coinbase Pro will only support withdrawals to addresses on the Cardano network’s decentralized Shelley hard fork.

Coinbase also added “support for sites using the earlier Byron versions will be enabled soon”.

Ethereum rival Cardano (ADA) surged almost 274% in February, becoming the fourth largest market cap cryptocurrency and fiercely competing for third place with the coin. Binance’s BNB.

In addition, another recent positive news from Cardano is that “Cardano has been added to the Bloomberg Terminal, which helps to broaden access to professional investors.”

Cardano founder Charles Hoskinson said that ‚Äúthere are at least 100 projects currently active on Ethereum that are in the process of transitioning to Cardano’s blockchain.

“Cardano will be the new hub for future projects,” Hoskinson said.

At the time of writing, ADA price trading at $ 1.23, up 17% over the past 24 hours. While the market capitalization is at $ 39.44 billion.

Ada price movement in the past 24 hours


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