Its official Coinbase lists Cardano (ADA) tonight! 3X growth in ADA prices imminent
ADA, the native cryptocurrency of Coinbase, has been making the center of attraction since the start of the year. Experts believe that Cardano is a true competition of Ethereum. Hence, it was about time that Cardano got the attention it deserved.
Today, Coinbase announced in its blog that they are listing ADA in Coinbase Pro, which makes it the biggest news concerning ADA so far. Moon doesn’t seem far away for ADA now.
Deposit is Open on Coinbase Pro now
Users can go ahead and deposit ADA to Coinbase Pro account before ADA trading begins. Users from all supported countries of Coinbase Pro would be able to trade ADA. As per the blog post, ADA trading will begin around 9 AM PST, Thursday, March 18. The only condition for that is that ADA liquidity should meet the requirements of Coinbase.
Supported trading pairs include ADA-USD, ADA-BTC, ADA-EUR, and ADA-GBP. As for order books, they will launch in three phases. These are post-only, limit-only, and full trading. Depending on Coinbase’s regular assessment, any of these three orders may be put on hold if it fails to meet the requirements for the continuance of a healthy and orderly market on Coinbase Pro.
Coinbase’s decision to list ADA on Coinbase Pro can be a game-changer and will push ADA prices to an all-time high figure. It can help skyrocket the demand for ADA, which will cause an upsurge in the prices of ADA. It would be interesting to see how the further prices rise and dip proceeds until the ADA trading begins on Coinbase Pro.