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Cardano’s ADA to Be Listed on Japanese Exchange for the First Time

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Tue, 08/03/2021 - 10:11
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Yuri Molchan
Cardano's native asset, ADA, is to be listed in Japan for the first time, some believe this is similar to Coinbase listing for the Japanese community
Cardano’s ADA to Be Listed on Japanese Exchange for the First Time
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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.

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.

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Earlier, 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.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.