A large-cap crypto asset could be primed for a longer bullish rally after receiving support from top crypto exchange Coinbase.
In a new blog post, Coinbase reveals that its users can now fund their Coinbase Pro accounts with Cardano (ADA).
Support for the third largest crypto asset will be available in all supported jurisdictions of the crypto exchange. Trading begins on March 18, no later than 9:00 a.m. Pacific Time, once the liquidity conditions are met.
After the announcement from Coinbase, Cardano broke out of its 15-day correction. According to CoinMarketCap, the smart contract platform rose 28% from $ 1 to a high of $ 1.29 in 24 hours.
Coinbase adds that ADA is only available for Coinbase Pro. The crypto exchange notes that it will make a separate announcement in case it decides to list the altcoin on Coinbase.com.
The US-based crypto exchange also notes that it currently only supports withdrawals to an ADA wallet.
“Coinbase Pro currently only supports withdrawals to Shelley addresses (addresses starting with addr1). Full support for all Cardano addresses (Byron & Shelley) will be activated shortly. “
The Cardano list appears days after Coinbase abruptly launched support for Polygon (MATIC), Skale Network (SKL) and SushiSwap (SUSHI). All three altcoins traded in green territory after being listed on the crypto exchange.
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Featured image: Shutterstock / Pavel Chagochkin