Bitfinex Lists ADA Token After Cardano’s Shelley Upgrade

One of the major cryptocurrency exchanges in the world Bitfinex has announced to add support for Cardano’s ADA cryptocurrency. The ADA listing on the Bitfinex crypto exchange has come after the Cardano Foundation has successfully launched the Shelley upgrade.

ADA trading is set to start today

The Cardano Foundation has announced that the major cryptocurrency exchange Bitfinex has added ADA digital currency on its platform for trading. According to the announcement, ADA trading is expected to commence today on August 6, 2020.

Currently, there are three spot trading pairs available for ADA trading which are ADA/BTC, ADA/USD, and ADA/USDT. Users can now buy ADA tokens on Bitfinex’s trading platform using these three pairs.

Paolo Ardoino, the Chief Technology Officer at the Bitfinex cryptocurrency exchange, said that for Bitfinex, it is a natural step to add trading support for Cardano’s ADA cryptocurrency.

He said:

there has always been interest within our community for us to offer ADA pairings, and at this historic time for the Cardano blockchain, there is more demand than ever before from the blockchain community for reliable and trustworthy exchange support for ada trading.

A significant step towards the mainstream adoption of ADA

Recently, the Cardano Foundation launched the much-awaited Shelley upgrade which is expected to boost the mainstream adoption of the ADA cryptocurrency. The CEO of IOHK Charles Hoskinson has said that ADA has become the best digital currency after the Shelley upgrade.

He said that the listing of ADA on Bitfinex marks the significant step towards the mainstream adoption of ADA. According to IOHK CEO:

Listing on Bitfinex, one of the world’s largest cryptocurrency exchanges, represents a significant milestone on the road towards mainstream adoption of ada, and reflects the increased market confidence in Cardano. Following the Cardano protocol’s decentralization through Shelley, Bitfinex offers the opportunity to purchase ada in multiple jurisdictions worldwide, helping to realize Cardano’s goal of becoming the first truly global blockchain-based financial operating system.

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Danna James

Danna is a journalist and technical writer with six years of experience researching and creating crypto articles, reviews, and how-to guides for different online media outlets, and academic journals.

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