Cardano’s (ADA) community long-awaited announcement has arrived. Coinbase has listed ADA on its main and pro platform. Starting today users will be able to start trading the cryptocurrency in all supported regions.
Users will be able to buy, sell, convert, receive and store the funds in ADA. These can be traded on the date referred to provide there is sufficient liquidity. The exchange will offer the following trading pairs ADA/USD, ADA/BTC, ADA/EUR, ADA/GBP.
For its Pro service, according to the exchange’s announcement, trading will be launched in 3 phases until full trading is reached. Coinbase will apply its trading rules and may suspend or stop the service if there is no “orderly market”.
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At the moment, users can only make withdrawals to addresses created in Cardano’s Shelley era. That is, those starting with addr1. Coinbase will soon enable withdrawals for all Byron and Shelley addresses.
ADA rises 3.2% in 1-day chart
Following Coinbase’s announcement, ADA rose nearly 3.2% in less than an hour and reached $1.30. In the last 24 hours, the cryptocurrency has posted a 15.3% increased in the last week.
ADA’s price upon Coinbase’s listing. Source: ADAUSD Tradingview