Cardano (ADA) Receives Approval To Be Listed In Japan
05 Agosto 2021 - 2:00PM
NEWSBTC
Cardano (ADA) has recently secured another win in its long
repertoire of wins lately. The native coin of Cardano, ADA, has now
been approved to be listed in Japan, which features one of the
hardest listing requirements in the world. Only a handful of coins
have been able to receive approval to be listed on exchanges in
Japan, and ADA just became one of them. Japan has always been
crypto-friendly right from the beginning. But that does not mean
they have lax laws when it comes to cryptocurrencies. The coins
that are listed on exchanges in Japan are carefully screened to
make sure that they are good projects for its citizens. This means
ADA getting approved makes the coin even more valuable now. Related
Reading | Cardano (ADA) Launches Crypto Charity Platform With
Rwanda-Based NGO Sebastien Guillemot, CTO and Co-Founder of dcSpark
made the announcement on his Twitter profile, outlining that Japan
has extremely strict rules for getting listed on crypto exchanges.
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 A Very Important Listing Listings like these do not
happen all the time. Cardano (ADA) now joins the likes of Bitcoin,
Ethereum, and Litecoin to be amongst coins allowed to be traded on
Japanese exchanges. The importance of this listing cannot be
overemphasized in the growth of Cardano (ADA) going forward.
Guillemot went on to add another tweet that compared the approval
in Japan to the listing of the digital asset on Coinbase back in
March for the Japanese crypto community. Because while the listing
on Coinbase was big news for the rest of the market, Japanese users
were still mostly cut off from it. Owing to the strict regulations
around cryptocurrencies in the country. Related Reading
| Cardano (ADA) Launches Connector For DApps Integration
Although the Cardano ICO had taken place mostly in Japan back in
2015, the asset never got listed on any Japanese exchange, until
now. This opens access to Cardano (ADA) to a wider customer base
who were previously cut off from the market. The listing will allow
investors in Japan to finally buy into Cardano (ADA) using
exchanges in their own country. Cardano (ADA) Price Reaction The
news of the listing has not provided any significant boost to the
price of Cardano (ADA) so far. Coin price continues to trend around
$1.35, not showing much improvement over the last 24 hours
following news of the listing breaking. ADA price remains sluggish
| Source: ADAUSD on TradingView.com ADA price remains low momentum
despite the market showing continuous bullish trends over the past
week. Posting small recoveries, only to dip back down and continue
slow movement as time passes. The price of the digital asset is
currently trading at $1.357, with a 0.47% gain and a $43.6 billion
market cap.
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