Crypto

Cardano ($ADA) Expected to Be Listed on Europe’s Largest Crypto Exchange (Bitstamp)

Cardano ($ADA) Expected to Be Listed on Europe's Largest Crypto Exchange (Bitstamp)

$ADA, the cryptocurrency with the highest social media following, will soon be listed on one of the world’s oldest crypto exchanges (as well as Europe’s largest crypto exchange by trading volume).

Bitstamp stated on Thursday (November 18) that it is getting ready to accept $ADA.

Bitstamp began with an introduction to Cardano and its native token $ADA in a blog post published on November 18:

“Cardano is a platform that offers tools and tech to innovators and visionaries to help them, as Cardano themselves say, to ‘redistribute power from unaccountable structures to the margins to individuals’. The open-source project aims high – to create a society that is more secure, transparent, and fair. It’s designed as the basis on which positive global change can be initiated…

“Cardano is a blockchain platform that aims to be a decentralized application (DApp) development platform with multi-asset ledger and verifiable smart contracts. It’s the first blockchain platform to be built based on peer-reviewed research. The founders claim it’s secure enough to protect the data of billions, scalable enough to accommodate global systems, and robust enough to support foundational change…

“It’s a blockchain platform built on the Ouroboros, the proof-of-stake consensus protocol, and developed using the Haskell programming language that enables Cardano to pursue evidence-based development. This supposedly achieves unparalleled security and stability. The result of tech, that’s underpinned by extensive research and scientific approaches to find the best possible solution that’s completely scalable, is a blockchain platform that’s utterly impressive in its capability and performance, and which is truly able to support global applications, systems, and real-life business use cases.“

Related:  Asia's First Mover: Bitcoin and Altcoins Rebound From 'Black Friday' Drop

Following that, the blog article went on to clarify the listing schedule:

“Deposits and withdrawals are open, but trading is not yet enabled,” says November 23.

“You will be allowed to place and cancel limit orders, but they will not be matched,” says the company on November 24 (about 11:00 a.m. UTC).

“Order matching will begin about 3:00 p.m. UTC on November 24th, and trades will be processed normally.”

Bitstamp will then “allow all order types and card purchases for the new trading pairs as well” “after the order books generate sufficient liquidity.”

Another point worth mentioning for $ADA HOLDERS is that the Cardano wallet Daedalus version 4.5.0 was published on Thursday, November 18.

Cardano and Polkadot are both in the “baby” stage of development, according to the Twitter account for crypto-focused YouTube channel “Altcoin Daily,” implying that their native currencies ($ADA and $DOT) might go much higher.

Disclaimer: Investing in crypto and other Initial Coin Offerings (“ICOs”) is highly risky and speculative, and this article is not a recommendation. As of the date, this piece was written, the writer does not own $ADA.

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.