Cardano announced that his native token, ADA, was listed on Bitfinex; this is another step towards the mass adoption of the ADA.
In a press release, the Cardano Foundation announced that its native cryptocurrency, ADA, will finally be listed on one of the largest global cryptocurrency exchanges, Bitfinex.
The team also released the news on the Twitter page.
We are pleased to announce that leading #cryptocurrency exchange @Bitfinex now offers $ ADA trading pairs, to provide #crypto traders, investors, and #ada holders with another way to buy, trade, and exchange ada.
Read more: https://t.co/jCwt6Gneoz
– Cardano Foundation (@CardanoStiftung) August 6, 2020
“We are pleased to announce that the leading cryptocurrency exchange, Bitfinex, now offers ADA trading pairs, to provide traders, investors and ADA holders with another way to buy, trade and exchange ADA.”
ADA / USD trading will start later today
The press release says ADA-based peer trading will begin today, Aug. 6. It will start with three pairs of spot trading: ADA / BTC, ADA / USD and ADA / USDT.
By opening access to ADA via USD, Bitfinex promises to become one of the easiest platforms to buy ADA without having to buy any other cryptocurrency.
Bitfinex’s CTO, Paolo Ardoino, called the ADA listing a great natural step for the company, as it has always wanted to offer ADA to its customers.
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Cardano launches Shelley hard fork
About a week ago, on July 31, Cardano finally released the long-awaited Shelley code update. This hard fork paves the way for the adoption of smart contracts, dapps and full decentralization in the future.
Cardano founder Charles Hoskinson said that after Shelley, ADA will be the best cryptocurrency on the market, as it will finally be able to offer users what Bitcoin initially promised, but never delivered.
Weiss Ratings has not yet updated Cardano’s position
Weiss Crypto Ratings also commented on this event.
His analyst said Shelley’s launch did not change the agency’s high rating for Cardano. However, if Cardano gets an increase in usage and improves its fundamentals thanks to Shelley, it is likely that the platform’s rating will be updated.