- Robinhood has been slow to add new crypto to its platform in recent months.
- Despite the listing, ADA investors showed little enthusiasm.
Recently, Cardano (ADA) has seen only positive developments, with the listing of ADA in Robinhood, the US retail investment platform, and the release of its first lending and borrowing protocol, Aada Finance.
According to the company’s official Twitter, Robinhood Cardano ADA trading is now supported. As with other cryptocurrencies, the online broker has recently started adding ADA to its trading platform.
This list comes just in time for the expected release of this month’s Cardano Vasil upgrade. Due to the ongoing controversy and uncertainty in the cryptocurrency market, Robinhood has been slow to add new digital currencies 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. Since the platform has not offered any new cryptocurrencies in quite some time, some users are wondering if they will start doing so soon.
Polkadot, Cardano, Terra, and Avalanche These are just a few examples of these cryptocurrencies. Robinhood will likely be reluctant to immediately add new coins in light of the current market downturn scenario created by factors such as Celsius Network’s lawsuit and Coinbase’s bankruptcy speculation. However, the latest round of updates is bringing optimism to both Robinhood clients and cryptocurrency traders.
Despite the listing, ADA investors showed little enthusiasm for the token as its price remained stable in the midst of the current bad crypto market. according to CMCToday, Cardano’s price is $0.452840 with a 24-hour trading volume of $594,421,485 USD. Cardano is down 0.41% in the last 24 hours.
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