As one of the most popular cryptocurrency exchanges in the world, Coinbase is always adding new coins for its users to trade. The exchange has recently announced that it is adding support for the popular altcoin, Cardano (ADA).
This marks the first time that Coinbase has listed a coin from the top 10 cryptocurrencies by market capitalization.
Coinbase first announced its plans to add Cardano in a blog post on March 2. The post noted that ADA would be available to trade on the Coinbase Pro platform, with support for trading on the Coinbase Consumer platform to come later.
ADA deposits are currently live on Coinbase Pro, with trading set to begin on March 5.
This is big news for Cardano and its holders, as it gives them much easier access to buying and selling their ADA. It also legitimizes Cardano as a top cryptocurrency, as Coinbase only lists coins that it believes are safe and have a strong future.
The addition of Cardano comes at an exciting time for the project, as it is close to launching its much-anticipated Shelley mainnet upgrade. Shelley is designed to make Cardano fully decentralized, and is expected to bring about a huge increase in adoption.
With its listing on Coinbase, Cardano is poised for even more growth in the coming months. So if you’re looking for a coin with a bright future, ADA is one to watch out for.