Cardano (ADA), the fifth-largest cryptocurrency by market cap, will finally be listed by a Japan-based crypto exchange despite the existence of strict rules for exchanges in the country.
The new development was shared on Twitter by Sebastien Guillemot, the CTO and co-founder of dcSpark, a crypto ecosystem builder. According to Guillemot, this is a huge breakthrough for Cardano (ADA) in a country that only allows the listing of a small number of digital currencies, especially those that are regulatory compliant.
Sebastien Guillemot tweeted, “Cardano was finally listed in Japan! 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!”
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
According to the report, BITPoint Japan has scheduled the incorporation of Cardano (ADA) on its trading platform for late August 2021. The report added that more details on handling ADA will be communicated as soon as a concrete decision is made.
In the same thread, Sebastien pointed out that among the crypto community in Japan, the listing is of the same magnitude as the listing of Cardano (ADA) on Coinbase, a notable listing that received vast publicity a few months ago.
Sebastien Guillemot wrote, “…I would say this is comparable to Coinbase listing news for the JP community.”