Cardano (ADA) just became one of the rare tokens that succeeded to receive approval to be listed on crypto exchanges in Japan.
Big boost to Cardano’s legitimacy
According to Sebastien Guillemot, CTO of dcSpark, a blockchain company that builds software products on Cardano, Japan has draconian rules for listings on crypto exchanges and the importance of acquiring regulatory approval cannot be overstated.
“Japan has extremely strict rules for crypto exchange listings. Only a small number of tokens can be listed in Japan, and ADA is now on that list,” said dcSpark CTO, whose crypto startup is currently working on a decentralized application browser for Cardano dubbed “Flint” and “Milkomeda,” which will simplify the use of smart contracts.
Cardano was finally listed in Japan! 🇯🇵 $ADA
Japan has extremely strict rules for crypto exchange listings.
Only a small number of tokens can be listed in Japan, and ADA is now on that list! 🎉🎉 https://t.co/n2oxPHKa36
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
“Although you weren’t tracking this one, I would say this is comparable to Coinbase listing news for the JP community,” Guillemot added, pointing to the significance of the news.
@ListADA420 although you weren’t tracking this one, I would say this is comparable to Coinbase listing news for the JP commmunity
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
Guillemot compared the approval in Japan to ADA’s listing on Coinbase back in March, since it, besides bolstering Cardano’s legitimacy, also opens up an entirely new market for ADA, the fifth-largest cryptocurrency by market cap.
As the network successfully progresses through a major upgrade
With the completion of its pivotal update phase, called Alonzo, which is focused on introducing the smart contract functionality, ADA will enter a whole new playfield.
Recently Cardano’s founder Charles Hoskinson teased the announcement of a definitive rollout date for mid-month.
The news of the listing on Japanese exchanges has so far not resulted in a substantial increase in the price of ADA that continues to move around $1.36, recording just a slight 1% uptick in the last 24 hours.
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Cardano (ADA) simply grew to become one of many uncommon tokens that succeeded to obtain approval to be listed on crypto exchanges in Japan.
Massive enhance to Cardano’s legitimacy
In accordance with Sebastien Guillemot, CTO of dcSpark, a blockchain firm that builds software program merchandise on Cardano, Japan has draconian guidelines for listings on crypto exchanges and the significance of buying regulatory approval can’t be overstated.
“Japan has extraordinarily strict guidelines for crypto trade listings. Solely a small variety of tokens may be listed in Japan, and ADA is now on that record,” stated dcSpark CTO, whose crypto startup is at the moment engaged on a decentralized utility browser for Cardano dubbed “Flint” and “Milkomeda,” which can simplify using sensible contracts.
Cardano was lastly listed in Japan! 🇯🇵 $ADA
Japan has extraordinarily strict guidelines for crypto trade listings.
Solely a small variety of tokens may be listed in Japan, and ADA is now on that record! 🎉🎉 https://t.co/n2oxPHKa36
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
“Though you weren’t monitoring this one, I might say that is corresponding to Coinbase itemizing information for the JP group,” Guillemot added, pointing to the importance of the information.
@ListADA420 though you were not monitoring this one, I might say that is corresponding to Coinbase itemizing information for the JP commmunity
— Sebastien Guillemot (@SebastienGllmt) August 3, 2021
Guillemot in contrast the approval in Japan to ADA’s itemizing on Coinbase again in March, because it, in addition to bolstering Cardano’s legitimacy, additionally opens up a wholly new marketplace for ADA, the fifth-largest cryptocurrency by market cap.
Because the community efficiently progresses via a serious improve
With the completion of its pivotal replace part, referred to as Alonzo, which is targeted on introducing the sensible contract performance, ADA will enter an entire new playfield.
Just lately Cardano’s founder Charles Hoskinson teased the announcement of a definitive rollout date for mid-month.
The information of the itemizing on Japanese exchanges has to this point not resulted in a considerable improve within the worth of ADA that continues to maneuver round $1.36, recording only a slight 1% uptick within the final 24 hours.
Get an edge on the cryptoasset market
Entry extra crypto insights and context in each article as a paid member of CryptoSlate Edge.
On-chain evaluation
Worth snapshots
Extra context
Be a part of now for $19/month Discover all advantages
Like what you see? Subscribe for updates.