Cardano (ADA), the sixth-largest cryptocurrency by market capitalization, is on the cusp of being listed on Bitstamp, the largest crypto exchange in Europe by trading volume and the world’s longest-running crypto exchange.
The new development was announced by Bitstamp on 18th November 2021 via an official tweet and blog post. In the report, the exchange confirmed that it’s preparing to welcome Cardano (ADA) on its trading platform.
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Bitstamp tweeted, “Good news for Cardano Community: we’re listing ADA. It’s finally happening – the 6th largest crypto by market cap powering Cardano is ready to make its appearance on Bitstamp!”
In a blog post that elaborated the much-awaited listing, Bitstamp described Cardano as a blockchain for innovators and visionaries.
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Bitstamp described Cardano (ADA) as follows:
“Cardano is a platform that offers tools and tech to innovators and visionaries to help them, as Cardano themselves say, to ‘redistribute power from unaccountable structures to the margins to individuals’. The open-source project aims high – to create a society that is more secure, transparent, and fair. It’s designed as the basis on which positive global change can be initiated…
“Cardano is a blockchain platform that aims to be a decentralised application (DApp) development platform with multi-asset ledger and verifiable smart contracts. It’s the first blockchain platform to be built on the basis of peer-reviewed research. The founders claim it’s secure enough to protect the data of billions, scalable enough to accommodate global systems, and robust enough to support foundational change…
“It’s a blockchain platform built on the Ouroboros, the proof-of-stake consensus protocol, and developed using the Haskell programming language that enables Cardano to pursue evidence-based development. This supposedly achieves unparalleled security and stability…”
Bitstamp further stated that deposits and withdrawals of Cardano (ADA) will start on 23rd November 2021.
On 24th November, at 11:00 A.M. UTC, users will be able to place and cancel limit orders, but they will not be matched. By 03:00 P.M. UTC, order matching will launch and trades will be executed normally.
Then, once the order books gather sufficient liquidity, the exchange will enable all order types and card purchases for the new trading pairs.
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