The native Cardano-based cryptomoney, ADA, could appear on Coinbase by the end of 2020. This news follows an announcement that ADA holders will soon be able to stake their assets in Coinbase’s custody.
More Announcements in 2020
An IOHK (Cardano development company) spokesperson issued the following statement to Cointelegraph in response to the question of whether a Coinbase listing would also be in process:
„With the release of Adrestria, our new set of libraries and APIs, which enables a modular and seamless process of integrating Cardano with exchanges, we have been working closely with several exchanges, and the community can expect more announcements before the end of 2020.
Cardano is manufacturing a microchip that would be the „cash“ equivalent of cryptosystems
The IOHK investment fund of USD 20 million
This news comes in the middle of the Cardano Virtual Summit, which revealed a lot of news about updates for the project this week. On July 2nd, it was announced that Immediate Bitcoin will launch cFund in partnership with Wave Financial Group. cFund will be a venture fund aimed at encouraging the adoption of IOHK’s blockchain platforms.
Initially, the company has committed USD 10 million, with another USD 10 million raised by its partner. cFund is expected to make investments of $250,000 – $500,000 in „early-stage and start-up businesses developing their products and services on IOHK’s blockchain technologies, including Cardano.