The San Francisco-based crypto exchange announced the listing Friday:
ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion, according to CoinGecko.
Fans of the ADA token have long clamored for a Coinbase listing. The coin is up roughly 3% in the past hour, trading hands at $1.30.
"This marks another significant milestone in the development of Cardano, allowing Coinbase’s extensive user base to access ADA for the first time," Cardano founder Charles Hoskinson, CEO of IOHK, said in a statement.
Update (March 20, 21:48 UTC): Adds comment from Cardano's Charles Hoskinson.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.