Cardano Is Now Available For Trading On Coinbase

Coinbase announced on Friday that Cardano's ADA has become available to retail traders on the exchange platform for the first time.

The world's second-largest cryptocurrency exchange by volume added support for Cardano's ADA a few days ago — a move that caused a sudden trader interest in the digital asset, sending it to a new all-time high of $1.49 after an over 20 percent spike.

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Cardano (ADA) is launching on https://t.co/bCG11KMQ6s and in the iOS and Android apps within the next 15 minutes. You may need to refresh your app to properly buy, sell, convert, send, receive, or store ADA. We will update when ADA is fully live. https://t.co/Zw1Cmn6N17

— Coinbase (@coinbase) March 19, 2021

Cardano's ADA is has overtaken Binance Coin (BNB) to become the third-largest cryptocurrency by market capitalization at over $41 billion.

The aspiring Ethereum rival is up over 4 percent today and is currently trading around $1.3 as its Coinbase listing, which has been highly anticipated by fans of the digital asset is further stimulating trader and investor confidence in its value.