Cardano’s native cryptocurrency, ADA (ADA), may be listed on Coinbase by the end of 2020. This news comes following an announcement that ADA holders will soon be able to stake their assets in Coinbase custody.
More announcements coming in 2020
An IOHK (Cardano development company) spokesperson released the following statement to Cointelegraph replying to the question of whether a Coinbase listing is also in the works:
“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.”
IOHK $20M investment fund
This news comes amidst Cardano’s Virtual Summit, which revealed a plethora of news updates for the project this week . On July 2, it was announced that IOHK is launching cFund in partnership with Wave Financial Group. cFund will be a venture fund aimed at fostering adoption of IOHK’s blockchain platforms.
The company has initially committed $10 million, with another $10 million to be raised by its partner. cFund is expected to make investments worth $250,000-$500,000 in “startup and early-stage businesses that build their products and services on IOHK’s blockchain technologies, including Cardano”.
ADA price momentum
In a recent tweet, Cardano founder, Charles Hoskinson, pointed out that the Cardano Virtual Summit has already been attended by over 10,000 guests, making it bigger than the popular Blockchain conference, Consensus.
Cointelegraph previously reported on June 30th that Cardano has begun to transition over to the Shelley mainnet.
Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.