Cryptocurrency exchange Bitfinex will begin listing ADA on its spot exchange.
In a press release shared with CryptoSlate, the Cardano Foundation said that trading will commence on Aug. 6 with initial support for ADA/BTC, ADA/USDT, and ADA/USD trading pairs.
Bitfinex, one of the leading cryptocurrency spot exchanges in the world, has now begun listing Cardano's ADA on its platform.
According to a press release shared with CryptoSlate, trading on Bitfinex will begin on Aug. 6, with initial support for three spot trading pairs-ADA/BTC, ADA/USDT, and ADA/USD. Deposits on Bitfinex have already opened.
The Cardano Foundation, a Swiss-based non-profit organization tasked with running the Cardano network, said that enabling access to direct fiat pairings in U.S. dollars will make Bitfinex one of the easiest exchanges users can purchase ADA on.
Paolo Ardoino, the CTO of Bitfinex, said that listing ADA trading pairs was a natural step for Bitfinex, as the latest developments such as Shelley have resulted in an increasing demand for the cryptocurrency.
Nathan Kaiser, the chairman of the Cardano Foundation, explained that the arrival of staking and delegation has made ADA increasingly integral to the Cardano blockchain.
This has only highlighted the need for easy and safe access to a fiat onboarding mechanism for ADA-a problem that was effectively solved with the coin's listing on Bitfinex.
Apart from enabling users to purchase ADA with fiat currencies, Bitfinex has also made Cardano's native cryptocurrency available to a global and diverse audience, Kaiser said.
In a press release shared with CryptoSlate, Hoskinson noted that the Bitfinex listing has helped realize Cardano's goal of becoming the first truly global blockchain-based financial operating system.
Bitfinex will begin listing Cardano's ADA on its spot exchange
Udgivet den Aug 6, 2020
by Cryptoslate | Udgivet den Coinage
Coinage
Nævnt i denne artikel
Seneste nyheder
Se alt
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.