Cardano (ADA), the seventh largest cryptocurrency by market cap, has made its way onto the BTC Markets. The news was announced on the crypto exchange’s official Twitter account, where they welcomed the arrival of ADA and shared that clients can now deposit, withdraw, and place post-only orders in the order book ahead of the market going fully live around 12 pm tomorrow.
This move has been anticipated by the cryptocurrency community for some time, and many were excited to see ADA finally available on the exchange. However, some users had questions about why it took so long for BTC Markets to list ADA, with one user asking if it was because it’s technically quite different from EVM chains.
The exchange responded to the question, stating that their coin listing process is comprehensive and thorough. Being a crypto exchange, they build their own infrastructure from scratch, which can be quite resource-intensive and time-consuming.
While many were excited about the arrival of ADA on BTC Markets, some users took the opportunity to criticize the exchange’s existing coin offerings. One user questioned why BTC Markets still had “shitcoins” like Powerledger, which has little to no liquidity outside BTC, XRP, and ETH.
However, the arrival of Cardano (ADA) on the BTC Markets is a positive development for the cryptocurrency community, and it will be interesting to see how it performs on the exchange in the coming days.
Cardano (ADA) Price Analysis
The arrival of Cardano (ADA) on the Australian exchange seems to have had a significant impact on the ADA price. In fact, in the weekly chart, the coin has seen a nearly 10% increase in value on the weekly chart. But that’s not all – the daily chart also shows promising signs, with a 1.85% increase.
Despite these impressive gains, it’s worth noting that ADA is currently trading at $0.4422 with an almost 2% surge in its market cap, according to CoinMarketcap.
Nevertheless, the weekly performance of the coin has been exceptional, as it has been traded in a favorable range and even reached a daily high of $0.4606. This high was last seen on September 23rd, 2022, which indicates a positive trend for the cryptocurrency.