Coinbase Pro Will List Cardano, ADA pumps 20%
The largest crypto exchange in the U.S. Coinbase has announced today that its lists Cardano (ADA). Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.
Starting today, inbound transfers for ADA are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 18, if liquidity conditions are met. https://t.co/ANisazZsh7
— Coinbase Pro (@CoinbasePro) March 16, 2021
“Once sufficient supply of ADA is established on the platform, trading on our ADA-USD, ADA-BTC, ADA-EUR and ADA-GBP, order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules”, Coinbase’s blog said.
Coinbase Pro will only support withdrawals to Shelley addresses (addresses that begin with addr1). Support for addresses using the previous, Byron, version will be enabled shortly, Coinbase said.
Cardano (ADA) was added to Bloomberg terminals recently, potentially providing a large number of professional traders with exposure to the crypto asset.
ADA chart 1 year | Source: Coingecko
Cardano gained 274% in February, 5.000% in 1 year. At the time of writing, ADA was priced at $1.21, up 20% in the past 24 hours, and has a market cap of $38.7 billion.
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