“Just the Beginning,” says Charles Hoskinson as Coinbase Listing Helps Cardano (ADA) Become the 3rd Largest Crypto


Coinbase, the leading cryptocurrency exchange of the US, has finally listed a new altcoin, Cardano (ADA).

Inbound transfers for ADA are now available, but trading will begin on March 18, 9 AM PT.

For now, Coinbase Pro only supports withdrawals to Shelley addresses, addresses that begin with addr1. Full support for all Cardano addresses, Byron and Shelley, will be enabled shortly, stated the exchange.

As for the trading pairs, ADA-USD, ADA-BTC, ADA-EUR, and ADA-GBP will be supported on Coinbase Pro. The digital asset is not yet available on Coinbase.com or its mobile apps. A separate announcement will be made for the same “if and when this support is added.”

Cardano is built on a proof-of-stake consensus protocol called Ouroboros, which validates transactions without high energy costs and development on which uses the Haskell programming language.

“It's the beginning… of a great relationship which is going to extend throughout the years,” commented Cardano founder Charles Hoskinson on this listing.

Hoskinson, who also co-founded Ethereum (ETH), said it had been a long road and a lot of work went into this listing on Coinbase, which he said is just the beginning of a great relationship that is going to extend throughout the years.

He also wished Coinbase well on their ICO with a $100 billion valuation, where “they are gonna have a lot of success,” said Hoskinson.

Coinbase listing helped the crypto asset rally about 30% to $1.30, pushing ADA to the 3rd spot with a market cap of nearly $40 billion, climbing above BNB, Tether (USDT), and Polkadot (DOT).

In 2021, so far, the digital asset recorded over 600% uptrend but is currently down 17% from its all-time high of $1.48 hit late last month.

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