Cardano Foundation, IOHK and Emurgo, the three partners behind leading blockchain Cardano, announced that Ada, Cardano’s cryptocurrency, will be tradable on Binance, a top 10 cryptocurrency exchange with large market share across Asia.
The Ada listing on Binance is supported by Bitcoin (BTC) and Ethereum (ETH) pairings and is available for trading immediately. The listing follows the recent launch of Ada, now a top 10 cryptocurrency by market capitalisation, on US exchange, Bittrex in October 2017 and will be followed by other exchanges, both international and regional in the coming months.
Binance offers traders a secure and highly liquid marketplace for cryptocurrency trading in major coins such as BTC, ETH and LTC. Its matching engine has the capacity to process 1.4 million orders a second.
The technology underpinning Cardano’s Ada token was designed by leading experts, academics and cryptographers over the last two years and was inspired by the best features of existing cryptocurrencies including Bitcoin, Ripple and Ethereum.
Of its many innovations, it is the first blockchain to use a provably secure, proof of stake algorithm – the only one to have been academically peer-reviewed by leading cryptographers through its acceptance to Crypto 2017, the world’s top cryptography conference.
“Adoption of Ada by new exchanges is reflective of the bright future Cardano has as a leading blockchain platform,” Cardamon Foundation chairman Michael Parsons said. “Since launching in October, we have put in place a comprehensive roadmap and continue to consult our community of over 15,000 members about how best to develop Cardano for its users.”
“Listing on Binance, a major international exchange, is a great step forward and will help Emurgo’s mission to build major partnerships with relevant market players and develop new uses for this exciting cryptocurrency,” Emurgo CEO Ken Kodama said.
“I’m delighted to see Ada on another major global exchange,” IOHK CEO Charles Hoskinson said. “The listing is recognition of the unrivalled engineering and academic research that has gone into creating Cardano, from leading minds in the disciplines of cryptography, network design, and computer science and more. We expect to see further exchanges list Cardano, including in Japan, and growing adoption as more people recognise its utility and the quality of its construction.”