Wednesday, December 8, 2021

Robinhood Responds to the Possibility of Adding Support for Cardano (ADA)

Robinhood, a US-based financial services company, has responded to the possibility of adding support for ADA, the native token of the largest proof of stake (PoS) blockchain, Cardano.

The screenshot of the response was shared a couple of hours ago on the Cardano subreddit by a user identified as Street_Cupcake_535. The email seems to be a reply to the demand of the Cardano community.

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In the email, Robinhood stated that there is no definite timeframe, but its team would consider the possibility of incorporating Cardano (ADA) on its platform.

Robinhood’s response read as follows:

“Keep in mind that supporting market data for individual cryptocurrencies doesn’t necessarily mean we plan to add buying and selling.

“We don’t have an expected time frame yet for when this will be available, as our team will still have to discuss this and see if it is possible to add Cardano in the list of the coins which you can trade with Robinhood on our future updates.

Read Also: Crypto Capital Venture Founder: Cardano’s Current Trend Is Often a Great Bull Indicator

“Rest assured that I have taken note of your email and also properly sent it to team as a feedback and suggestion.

“Please don’t hesitate to send another message my way if you have any other question, I’m only an e-mail away and more than happy to help!”

Most of the reactions on the post indicate that many Cardano community members are not interested in having ADA listed on the platform, due to its track record.

Bitstamp finally lists ADA

Using a rebus on 15th November 2021, Bitstamp, the world’s longest-running crypto exchange, announced the listing of Cardano (ADA) on its trading platform.

Read Also: On Cardano Africa Tour, Hoskinson Meets Zanzibar President and Other Leaders to Discuss Blockchain Innovation

The exchange posted an image containing a Car, Dan Bilzerian, and a letter O, with a caption that says “New listing this week. Dan Bilzerian does the rebus help?”

The puzzle can be solved as “Car-Dan (Dan Bilzerian)-O (the letter O) = Cardano.”


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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