Popular investment and social trading network eToro has officially listed Cardano (ADA) on their platform.
eToro announced the listing via Twitter earlier this week:
https://twitter.com/eToro/status/1008693103409156099
The trading platform followed up the announcement with a blog post on Cardano, providing users a quick primer on the cryptocurrency:
https://twitter.com/eToro/status/1008706433544806400
Cardano, one of the top ten coins by market cap, joins ten other prominent cryptocurrencies available on the platform, among them Bitcoin, Ethereum, Litecoin, Stellar, DASH, and NEO.
eTORO, founded in 2007, describes itself as a “leading social trading network, with millions of registered users and an array of innovative trading and investment tools”.
ADA’s listing on eToro comes at a time when the crypto market is undergoing another one of its all-time lows this year, with Bitcoin having dropped from around $20,000 to under $6,400, bringing all other altcoins tumbling down with it, including ADA.
The Charles Hoskinson-founded coin is the native token on the Cardano blockchain, and is popular for its peer-reviewed foundations. Having started its market journey around $0.03 in September 2017, ADA soon found support and rose to an all-time high of $1.32 at the start of this year.
However, the wider crypto market drop from January onwards resulted in the coin falling to a low of $0.13 in March, and it is currently trading at around $0.16.
Amidst the current downtrend, which may be attributed to a number of factors – among them the recent Bithumb hack – the eToro listing has had little to no impact on the ADA price.
However, the listing certainly bodes well for ADA’s future, with more people having been provided access to the coin. Meanwhile, according to the Cardano roadmap, the next release is expected in 14 days.
This article appeared first on Cryptovest
