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Cardano listed on Coinbase, ADA's price rises
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Cardano listed on Coinbase, ADA’s price rises

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
stellar cardano

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Cardano’s (ADA) community long-awaited announcement has arrived. Coinbase has listed ADA on its main and pro platform. Starting today users will be able to start trading the cryptocurrency in all supported regions.

Users will be able to buy, sell, convert, receive and store the funds in ADA. These can be traded on the date referred to provide there is sufficient liquidity. The exchange will offer the following trading pairs ADA/USD, ADA/BTC, ADA/EUR, ADA/GBP.

For its Pro service, according to the exchange’s announcement, trading will be launched in 3 phases until full trading is reached. Coinbase will apply its trading rules and may suspend or stop the service if there is no “orderly market”.

At the moment, users can only make withdrawals to addresses created in Cardano’s Shelley era. That is, those starting with addr1. Coinbase will soon enable withdrawals for all Byron and Shelley addresses.

ADA rises 3.2% in 1-day chart

Following Coinbase’s announcement, ADA rose nearly 3.2% in less than an hour and reached $1.30. In the last 24 hours, the cryptocurrency has posted a 15.3% increased in the last week.

Cardano ADA
ADA’s price upon Coinbase’s listing. Source: ADAUSD Tradingview

ADA hit an all-time high in late February when it stood at about $1.45. Cardano inventor and IOG CEO Charles Hoskinson hinted several times about announcements and partnerships that have boosted the rally. Among these was Coinbase’s listing.

Via his YouTube channel, Hoskinson welcomed Coinbase and called IOG’s relationship with the exchange “excellent.” He thanked the team they have worked with to enable ADA trading and stated:

I’m so happy to see that announcement today. It has been a long road. A lot of work went into that. It’s the beginning, I believe, of a great relationship which is going to extend trough out the years. Coinbase is one of the best exchanges in the world, one of the largest exchanges in the world for cryptocurrencies. We wished them well for the IPO. They have some of the greatest engineers in the cryptocurrency space.

Hoskinson said the partnership with Coinbase will continue and he expects staking support to be enabled. He was also enthusiastic about the participation traders will have with the announced trading peers. IOG’s CEO concluded:

We are going to continue working on the Rosseta spec with them (…). On behalf of everyone on Input Output Global to eveyone on Coinbase welcome to the familly, we are glad to have you. We love working with and we love working with you for this past long time. On behalf of the Cardano community welcome to ADA nation.

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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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