Commission-free investing app Robinhood on Thursday stated it has listed Cardano (ADA). Users can now purchase and promote Cardano (ADA) with out extra commissions and charges. This has turned Cardano extra bullish forward of the Vasil hard fork in September.
Robinhood Lists Cardano (ADA) Before the Vasil Hard Fork
Commission-free inventory and crypto buying and selling app Robinhood in a tweet on September 1 introduced the itemizing of Cardano (ADA) after many requests from its customers. Users should purchase and promote ADA, however the switch facility is but not accessible on Robinhood.
The newest tweet from Robinhood Help reads:
“Robinhood crypto transfers are not currently available to NV, HI, and for some crypto assets NY residents. We don’t have a timeline of when this will be available but will keep you posted!”
The itemizing of Cardano (ADA) proper earlier than the a lot anticipated Vasil exhausting fork has made the Cardano group extra bullish over Cardano. Charles Hoskinson, the founding father of Cardano, has earlier claimed that the Vasil exhausting fork will probably occur in September.
Robinhood earlier listed high cryptocurrencies together with Compound (COMP), Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL), and Chainlink (LINK). Last month, Robinhood listed Avalanche (AVAX) and Stellar (XLM) after requests from its customers. The costs of cryptocurrencies soared larger after itemizing on the platform.
Today, Robinhood additionally added help for deposits and withdrawals of MATIC tokens on the Polygon blockchain. It will allow customers to make use of 37,000 dApps on Polygon comparable to AAVE, Uniswap, and Balancer to carry out actions together with lending, borrowing, offering liquidity, and swapping.
Cardano (ADA) worth just isn’t displaying any sturdy motion till now. The worth is buying and selling at $0.44, down almost 3% within the final 24 hours. However, the anticipation of the Vasil exhausting fork will possible push the worth above $0.55 once more.
Moreover, Robinhood Markets (HOOD) inventory worth is buying and selling at $9.04, down over 5% on the time of writing.
Vasil Hard Fork To Push ADA Price Above $0.55
The Cardano (ADA) worth might possible hit $0.55 quickly in anticipation of the exhausting fork in September. Data on PoolTool exhibits SPOs operating the 1.35.3 node account for 85% of mainnet block manufacturing. The goal was 75% to arrange for the Vasil exhausting fork. However, there’s a delay from exchanges and dApps.
Binance and different giant exchanges have already started upgrading to 1.35.3. Cardano group is pushing Coinbase to improve to 1.35.3 because the Vasil exhausting fork is not going to implement till the highest 5 exchanges are prepared to supply liquidity.
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