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Cardano (ADA) Now Available for Trading on Japanese Crypto Exchange for Pro Traders

Thu, 02/10/2022 - 15:48
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Alex Dovbnya
Japanese professionally-oriented cryptocurrency trading platform Bitpoint Pro has added support for Cardano (ADA)
Cardano (ADA) Now Available for Trading on Japanese Crypto Exchange for Pro Traders
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Bitpoint Pro, the professional arm of the Japanese crypto-to-fiat exchange, has announced that the Cardano (ADA) cryptocurrency is available for trading starting from Thursday.

The Tokyo-based trading platform originally announced the listing on Jan. 27.

As reported by U.Today, Bitpoint became the first Japanese exchange to list ADA. Local crypto trading platforms are hesitant to add new coins due to stringent regulatory requirements.

Apart from ADA, Bitpoint Pro supports only seven cryptocurrencies, which include Basic Attention Token (BAT) and Tron (TRX).

Cardano Block Size to Increase by 11%
Cardano's trading debut in Japan was treated as a big deal by the community, with Input Output CEO Charles Hoskinson posting a haiku poem by Matsuo Basho. Notably, the current phase of the Cardano roadmap, which focuses on developing scaling solutions, was named after the most famous Japanese poet.

The proof-of-stake project was originally known as the "Japanese Ethereum" since roughly 90% of the investors who participated in the initial coin offering (ICO) came from the country of the rising sun.

Last October, Nikkei reported that ADA traders were being investigated for tax evasion by Japanese authorities.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at