CTO and co-founder of dcSpark, Sebastien Guillemot, has shared a post from Japanese crypto exchange Bitpoint.
The platform has announced that it plans to list the native token of Cardano that powers its ecosystem—ADA, the fifth-largest digital currency—later in August.
Guillemot emphasized that Japanese regulators have strict rules for listing cryptocurrencies on exchanges and only a small number of coins are allowed to be listed in the country.
Cardano was finally listed in Japan! ?? $ADA
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
Japan has extremely strict rules for crypto exchange listings.
Only a small number of tokens can be listed in Japan, and ADA is now on that list! ?? https://t.co/n2oxPHKa36
In the comment thread, he compared this listing to a coin being listed on Coinbase, claiming that this event is on the same level for the Japanese crypto community.
Yuri MolchanEarlier, U.Today reported that the largest crypto investment fund, Grayscale, had set up an ADA-based trust, making Cardano's native coin its third-largest investment.
Japanese users, however, had been able to buy and sell ADA via other exchanges, based in other countries but operating in Japan.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
Vladislav Sopov