Cardano Eyes Native Crypto ADA Listing on Coinbase this Year

The native crypto of Cardano, ADA, may get listed on Coinbase platform by the end of this year.

Notably, few weeks before a media release indicated that ADA holders will soon be able to stake their possession using Coinbase custodial service.

In this regard, a spokesperson of IOHK, Cardano blockchain development firm, issued the following clarification regarding Coinbase listing:

“With the release of Adrestria, our new suite of libraries and APIs, allowing for a seamless, modular process of integrating Cardano with exchanges, we’ve been working closely with a number of exchanges, and the community can expect more announcements before the end of 2020.”

The information has come against the backdrop of Cardano’s Virtual Summit, which provided a series of update on the venture earlier this week. On July 2, there was an announcement regarding the launch of cFund by IOHK, in collaboration with Wave Financial Group. cFund, a venture fund, is intended to promote adoption of IOHK’s blockchain platforms.

To begin with, the company has set aside $10 million, with another $10 million planned to be raised by its associate. cFund will invest between $250,000 and $500,000 in “startup and early-stage businesses that build their products and services on IOHK’s blockchain technologies, including Cardano.”

Through a tweet, Charles Hoskinson, founder of Cardano blockchain, has recently disclosed that Cardano Virtual Summit has seen a participation of more than 10,000 guests, higher than well-known Blockchain conference Consensus.