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

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

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

— Sebastien Guillemot (@SebastienGllmt) August 3, 2021

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.