Cardano (ADA) is launching on Coinbase Pro

Cardano (ADA) is launching on Coinbase Pro

By SevenSamurai | General Ramblings | 16 Mar 2021


Starting Today Tuesday March 16, transfer ADA into your Coinbase Pro account ahead of trading. Support* for ADA will be available in all Coinbase’s supported jurisdictions. Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.

This is huge news for ADA holders and the crypto space as a whole. Remember, this is not a winner takes all space. There is space for many of the crypto in the top 15. Many have their own niche in the market and are tackling issues others are not. 

Per the terms of Coinbase's listing process, they anticipate supporting more assets that meet their standards over time. Most recently they have added trading support for SushiSwap (SUSHI), Polygon (MATIC) and SKALE (SKL), The Graph (GRT), Aave, (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), NuCypher (NU), Wrapped Bitcoin (WBTC), Balancer (BAL), Ren (REN), Uniswap (UNI), yearn.finance (YFI), Loopring (LRC), UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. 

Once sufficient supply of ADA is established on their platform, trading on their 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 their new order books does not meet their assessment for a healthy and orderly market, they may keep the book in one state for a longer period of time or suspend trading as per their Trading Rules.

Sign up to coinbase here and received $10 worth of free Bitcoin, if you buy or sell $100 or more of crypto!

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General Ramblings
General Ramblings

General thoughts and ramblings about the crypto space.

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