Cardano (ADA) on a high, coin gets listed on OKEx
Cardano (ADA) is on a high this week. The cryptocurrency has been listed on the OKEx exchange platform right after it made into Coinbase’s list. A recent study by social trading and investment marketplace eToro has declared the coin among the “most promising blockchain projects.” An analysis conducted by eToro senior market analyst, Mati Greenspan, states that the Cardano network is more scalable and flexible. Especially when compared to older cryptocurrencies like Bitcoin and Ethereum.
According to him,
“Cardano has the potential to become a very successful project as it progresses through its long and ambitious roadmap.”
See Also: Is Cardano a worthwhile investment?
OKEx announced the news on Twitter,
Cardano (ADA) is now listed on OKEx.https://t.co/PKrU9yQAzA
— OKEx (@OKEx_) July 20, 2018
American exchange, Coinbase also seems to consider the coin attention-worthy. The cryptocurrency has made it into the list of coins which the exchange will look into. And based on its research, Coinbase might also consider listing the coins mentioned in the list. These listings could go a long way in boosting the cryptocurrency’s value.
The fully open source decentralised public Blockchain and cryptocurrency project is building a smart contract platform. They seek to deliver more advanced features than any previously developed protocol with this platform. Cardano’s Blockchain platform is the first to develop out of a scientific philosophy and a research-first driven approach.
The Cardano Foundation is looking to advance the use of the Blockchain technology and increase its value with some lucrative collaborations. Most recently, the crypto company partnered with commercial think-tank Z/Yen. This collaboration will research Blockchain-based proofs of concept, which will provide new use cases for the digital currency. The Blockchain start-up has also inked a deal with the Ethiopian government to build Blockchain-based solutions for their agricultural sector.
OKEx mentioned the schedule for when the cryptocurrency will go live on their platform. Deposits for Cardano will be available from 16:00 Jul 20 (Hong Kong Time, UTC +8). Spot trading for ADA will be available from 16:00 Jul 23 (Hong Kong Time, UTC +8). The cryptocurrency can be traded against USDT, OKB, BTC and ETH. According to OKEx, users can withdraw their ADA tokens from 18:00 Jul 24 (Hong Kong Time, UTC +8).
This listing on the Hong Kong-based exchange will give the 8th largest coin in the crypto market a much-needed boost. ADA is currently trading at $0.18 and has dropped by 0.29% in the past 24 hours.
Image via Shutterstock,
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