Robinhood Lists ADA Before Cardano Hard Fork

09/02/2022By: L, Laura

  • In recent months, Robinhood has been slow to add new cryptocurrencies to its platform.
  • ADA investors haven’t shown much enthusiasmdespite the listing.

 

Robinhood Listed Cardano (ADA)

Cardano (ADA) has recently made positive progress with the listing of ADA on Robinhood, a U.S. retail investment platform, and the launch of Aada Finance, its first borrowing protocol.

 

Robinhood now supports trading in Cardano, according to the company’s official Twitter. As with other cryptos, the online broker recently began adding ADA to its trading platform.

 

Upcoming Cardano Hard Fork: Perfect Time for the Community

This listing comes just in time for this month’s anticipated release of the Cardano Vasil Upgrade. Due to the continuous controversy and uncertainty of the cryptocurrency market, Robinhood has been slow to add new cryptocurrencies to its platform in recent months.

 

With the inclusion of Cardano, Robinhood may have opened the way for other cryptocurrencies to be listed in the future. Because the platform hasn’t introduced any new cryptocurrencies in quite some time, some users are wondering whether they will start doing so soon.

 

Polkadot, Cardano, Terra, and Avalanche are just a few examples of these cryptocurrencies. Robinhood is likely to be hesitant to add new currencies immediately in light of the current market-down scenario created by factors like Celsius Network’s lawsuit and Coinbase Bankruptcy speculations. Nonetheless, the most recent round of updates brings optimism to both Robinhood customers and crypto traders.

 

ADA investors are not as enthusiastic about the token despite the listing, as its price is holding steady in the current bad crypto market. According to CMC, today’s price of Caldano is $0.452840 with 24-hour trading volume of $594,421,485. Caldano has declined 0.41% in the last 24 hours.

 

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