Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Robinhood Announces Cardano (ADA) Listing Ahead of the Vasil Upgrade

Cryptocurrency Sep 02, 2022 08:02AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Robinhood Announces Cardano (ADA) Listing Ahead of the Vasil Upgrade
 
ADA/USD
-1.21%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HOOD
-2.15%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Popular U.S. brokerage platform, Robinhood (NASDAQ:HOOD), has announced the listing of Cardano (ADA) on its platform as the environmentally friendly proof-of-stake (PoS) chain prepares for its all-important Vasil upgrade.

Cardano’s (ADA) Listed in Robinhood

On September 1, Robinhood announced that Cardano (ADA) has now been listed on its platform. On the same day, Robinhood users were able to trade the ADA and gain exposure to its spot price.

According to Robinhood, ADA was listed on the platform due to popular demand. ADA has been a retail favourite for years and is ranked as the eighth largest crypto, with a value of $0.45 and a $15.6 billion market cap.

Cardano Draws Close to Vasil Upgrade

The listing on Robinhood comes as Cardano prepares for its highly-anticipated Vasil upgrade. Initially scheduled in July, the mainnet upgrade was delayed to fix bugs and ensure the roll-out of a stable upgrade.

However, in a Wednesday update, Input Output Global (IOG), the development team behind the Cardano, announced that the team is close to reaching all 3 metrics used to judge the community’s readiness for the upgrade.

According to IOG, over 80% of SPOs have upgraded and more than 70% of the top DApps have upgraded their nodes. The IOG also notes that it is working with exchanges on updating their nodes in preparation for the upgrade. IOG tweeted:

On the Flipside

  • The IOG has released new test versions of the Daedalus wallet in what it calls “the final mile” toward the Vasil upgrade.

Why You Should Care

Joining Robinhood could be a big boost for Cardano (ADA) as the brokerage platform lists only a select few cryptocurrencies.

Binance has also launched ADA staking. Read below:

Binance.US Launches Cardano (ADA) Staking Ahead of Vasil Upgrade

Get more information on lending and borrowing on Cardano in:

Aada Finance Launches The First Lending and Borrowing App on Cardano Mainnet

To get the Vasil upgrade timeline, read:

Cardano (ADA) Founder, Charles Hoskinson, Releases New Timeline for Vasil Upgrade Release

Continue reading on DailyCoin

Robinhood Announces Cardano (ADA) Listing Ahead of the Vasil Upgrade
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email