A major boost for Cardano (ADA) as Huobi, the world’s second largest and Chinese largest exchange, adds the cryptocoin. The development was made known in a statement by the exchange platform stating that depositing ADA would become available April 16 on the Huobi Pro international trading platform, and specifically, trading will commence a day after the listing.
“Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).”
The announcement made the smart contracts token to rise, raising euphoria among the lovers of the coin. The founder of Cardano also confirmed the development on his Twitter page. The listing will make enthusiasts see future in Cardano, and give it edge over others.
The Chinese exchange is going to pump more value into Cardano. Huobi is a leading and reputable global digital asset exchange. According to Coinmarketcap, Huobi is the second largest exchange after Binance. It has a market cap of around $1.2 Billion.
In 2013, when the founding team of the platform noticed that the world is going digital, they founded Huobi.com. With representations in Singapore, the United States, Japan, Korea, Hong Kong, and in over 130 countries across the globe, the aim of the team behind Houbi is to make the financial industry outstanding.
Analysts say the latest listing is a big development for Cardano, and that there is a possibility the listing skyrockets the value of the smart contract platform.
What Is Cardano?
Cardano is a decentralized blockchain smart contract platform with the aim of changing the game in the industry. It is touted as the first blockchain developed out of scientific philosophy and deep research. When it surfaced, 25,927,070,538 ADA were sold to the public with 31,112,484,646 ADA made available at the launch. ADA has a market value of $0.0026 and a market of $6,329,316,460 USD.