Bitfinex has announced that it will be listing ADA on its platform, with initial support for ADA/USD, ADA/USDT, and ADA/BTC on offer for trading starting on 6 August.
ADA, @Cardano‘s cryptocurrency is now listed on Bitfinex!
Available pairs for $ADA are ADA/BTC, ADA/USD and ADA/USDT.
Cardano is a decentralized platform offering a unique approach to scaling and securing a blockchain network.
Discover more ⬇️https://t.co/MAYeGCh7rh pic.twitter.com/FMfxIvbu8s
— Bitfinex (@bitfinex) August 6, 2020
Bitfinex’s CTO Paolo Ardoino said:
“Listing ADA trading pairs is a natural step for Bitfinex. There has always been interest within our community for us to offer ADA pairings, and at this historic time for the Cardano blockchain, there is more demand than ever before from the blockchain community for reliable and trustworthy exchange support for ADA trading.”
Charles Hoskinson, CEO of IOHK, said:
“Listing on Bitfinex, one of the world’s largest cryptocurrency exchanges, represents a significant milestone on the road towards mainstream adoption of ADA, and reflects the increased market confidence in Cardano. Following the Cardano protocol’s decentralization through Shelley, Bitfinex offers the opportunity to purchase ADA in multiple jurisdictions worldwide, helping to realize Cardano’s goal of becoming the first truly global blockchain-based financial operating system.”
On 29 July 2020, Cardano completed a hard fork that heralded the arrival of staking and delegation. For the first time, ADA holders can take part in the consensus of the Cardano protocol, and earn rewards for their participation. Therefore, a new, trusted way to buy and transact ADA is fundamentally important for onboarding and welcoming new holders and active participants in the Cardano protocol.
ADA isn’t the only cryptocurrency celebrating a listing over the past 24-hours. XEM, the 29th-ranked crypto on CoinMarketCap’s charts, was recently listed on BitFlyer. With a 24-hour trading volume of over $19M, the present announcement is likely to provide further impetus to the crypto’s market.
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