After the listing of XRP and XLM, all eyes are now focused on Cardano (ADA). Will ADA be the last of a long-awaited group of cryptocurrencies that will be added to the exchange?
This week, Stellar Lumens (XLM) suddenly got listed on Coinbase Pro. Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably.
Shortly after the announcement and listing of XLM, the speculation started regarding the potential future listings of other altcoins that were previously mentioned by Coinbase in July last year. Out of that list, Cardano is the only one left that needs to be added.
On July 13, Coinbase announced that they were considering the possibility of adding 5 cryptocurrencies to their platform. The altcoins in question were: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). Besides ADA, the four other digital assets have been added to Coinbase.
Cardano, a smart contract platform – much like Ethereum, got created by ETH co-founder Charles Hoskinson. Cardano is looking to build a network of blockchain use that extends beyond monetary transfers. Cardano is home to the Ada cryptocurrency, which can be used to send and receive digital funds.
Based on the theory that Coinbase is still listing all the cryptocurrencies mentioned in July 2018, Cardano will indeed be next to be added. Of course, this is pure speculation, but looking at the gains that ADA has made over the week it seems that many traders do have a similar theory.