Saturday, January 22, 2022

Cardano (ADA) To Get Listed In Japan for the First Time in A Few Hours’ Time

Cardano (ADA), the third-largest cryptocurrency by market capitalization, will be live in a few hours’ time on a Japanese exchange for the first time.

This has been seen as a major height for Cardano (ADA) to attain this year, considering the high level of regulation in Japan. This is counted as a huge achievement for Cardano as Japan is regarded as a country with one of the most demanding listing criteria across the world.

Read Also: Benjamin Cowen: Cardano (ADA) Has Huge Chance to Keep Surging, but This Condition Can Thwart Its Bullishness

There were just a handful of cryptocurrencies certified for exchange listing in Japan and Cardano (ADA) has currently joined the list.

The slated date for the launch of Cardano (ADA) on the top Japanese exchange, Bitpoint, is 25th August at 8:30 AM Local Time, after maintenance from 6:00 AM to 8:30 AM. The cryptocurrency will be provided as a physical transaction and will be handled by Bitpoint.

Read Also: Know This, Charles Hoskinson Did Not Say Cardano (ADA) Will Hit $150 by the End of the Year

Significance of the Listing

From the onset, Japan has been crypto-friendly. However, the country has strict regulations for digital currency. Cryptocurrencies on the Japanese markets come under rigorous scrutiny to protect their citizens.

The new approval now makes Cardano (ADA) join the list of cryptocurrencies on Japanese exchanges, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Listings such as this are uncommon, which is why it’s expected to boost Cardano (ADA) reputation in Japan and worldwide.

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Read Also: Top Analysts: Cardano (ADA) Could Revisit All-Time High Soon, Poised For 604% Price Surge

Meanwhile, Cardano (ADA) has seemingly secured its place as the third-largest cryptocurrency by market capitalization. As the Cardano community expects the mainnet launch of Alonzo, which will bring smart contracts functionality to the Cardano network, ADA is expected to keep printing more gains.


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Tobi Loba
Tobi Loba is a passionate writer with over 3 million readers from all over the world. She graduated from a reputable university. She joined the crypto ecosystem about two years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects.

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