Cardano (ADA), the third-largest cryptocurrency, started changing hands on Coinbase Pro at 4:05 p.m. UTC.
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During its first minutes of trading, ADA soared to a new all-time high of $1.88 on the exchange at 4:15 p.m. UTC.
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The spread between Coinbase Pro’s ADA/USD pair and Binance’s ADA/USDT pair reached a whopping 39 percent at its peak.
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As reported by U.Today, Coinbase’s exchange for sophisticated traders announced that it would list Cardano on March 16, making the cryptocurrency’s price spike over 18 percent.
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Alex Dovbnya
Arman Shirinyan
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Dan Burgin