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Finance

Cardano's ADA Is Now Tradable on Coinbase

ADA is currently the third-largest cryptocurrency, with a market capitalization of $41.9 billion.

By Zack Seward
AccessTimeIconMar 19, 2021 at 6:36 p.m. UTC
Updated May 9, 2023 at 3:17 a.m. UTC
Cardano founder Charles Hoskinson
Cardano founder Charles Hoskinson

Days after being listed on Coinbase Pro, Cardano's ADA token is available to Coinbase retail traders for the first time.

The San Francisco-based crypto exchange announced the listing Friday:

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    • 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.

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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