Coinbase could list Cardano’s ADA by the end of the year which will make it a great opportunity to buy Cardano ADA, coming at the heels of the latest announcement that the altcoin holders will be able to stake their coins that are locked in their exchange’s vault.
Following our Cardano ADA news, coinbase could list the coin by the end of 2020 after the announcement that ADA holders will soon be able to stake their coins in the Coinbase custody platform. A spokesperson from IOHK, the development company of Cardano, released the following statement:
“With the release of Adrestria, our new suite of libraries and APIs, allowing for a seamless, modular process of integrating Cardano with exchanges, we’ve been working closely with a number of exchanges, and the community can expect more announcements before the end of 2020.”
The news came amid Cardano’s virtual Summit which revealed multiple news updates for the new projects this week. On July 2 it was announced that IOHK is launching the cFund in partnership with the Wave Financial Group. CFund will be a venture fund that is created at fostering the adoption of IOHK’s blockchain platforms and the company committed $10 million at first, with another $10 million to be raised by the partners. cFund is expected to make even more investments worth $250,000 and $500,000 in the startup and businesses that build products and services on IOHK’s blockchain technology such as Cardano.
I just want to point out that the cardano summit is larger than consensus. Nearly 10,000 people have attended so far
— Charles Hoskinson (@IOHK_Charles) July 2, 2020
The founder of the platform Charles Hoskinson pointed out that the Virtual Summit has already been attended by more than 10,000 guests which made it bigger than the popular Blockchain conference Conesnsus. Hoskinson also stated Cardano is superior because its team consists of experts in finance and science but also experts from the technology sector who are only driving the adaptation process further. Cardano’s co-founder described that the entire ADA community will soon understand why Cardano is better than Ethereum 2.0 in many ways.
Cardano founder Charles Hoskinson admitted the testnet voting process was not ideal, with the Shelley mainnet launching, the incentivized testnet has served its purpose, admitting that the ITN infrastructure could become a speedy testing environment for Cardano but then this will create more problems such as how to incentivize ITN stake pool operators to continue working, as well as other concerns over the competition with the main chain.
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