BTSE, which is committed to making high-quality digital assets accessible to its users, has listed Cardano ADA on its trading platform. Along with listing ADA, the exchange has integrated the Cardano blockchain into its platform. The BTSE network, coupled with the Cardano blockchain’s features, will enable users to enjoy fast and decentralized peer-to-peer transactions within the exchange.
Moving forward with ADA
Cardano is one of the few blockchain platforms striving to solve today’s problems in finance, agriculture, education, and government verification procedures. BTSE, together with Cardano, will provide a secure, scalable, and efficient trading experience for a vast number of ADA holders worldwide.
For Cardano supporters who wish to trade their extensive ADA holdings on an exchange network, BTSE provides an appropriate option with its over-the-counter solutions, which mitigates huge trades that may not be suitable for execution directly on the network.
Supporting institutional adoption
BTSE’s listing of ADA will launch with the following trading pairs for spot and wallet support: for fiat currencies, USD, AED, AUD, CAD, CHF, EUR, GBP, HKD, JPY, MYR, and SGD; and for cryptocurrencies, USDC, TUSD, USDT, DAI, PAX, BTC, and ETH. BTSE’s platform supports the general adoption of blockchain technology through a fast and secure on- and off-ramp with fiat currencies, a feature enabling millions to easily interact with the Cardano blockchain.
Ada has seen unprecedented institutional adoption in recent months, demonstrating its potential to disrupt various sectors, including healthcare, finance, and real estate. That’s also a testament to ADA’s strategic draw for institutional investors based on continued enhancements to the Cardano blockchain, greater influence through its utility, especially in DeFi, and its growth prospects as an alternative that has recently outperformed more established incumbents like bitcoin.
About Cardano’s blockchain
Cardano operates as a significant blockchain ecosystem empowering developers to build decentralized applications and smart contracts. Its native cryptocurrency, ADA, is a payment tool used as a traditional financial medium. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.
Cardano aims to create a modern social and financial ecosystem that is fully decentralized, scalable, and user-friendly. Moreover, the blockchain has an expandable Decentralized Finance space (DeFi) that uses top-notch pioneering technologies with the addition of Decentralized Applications (dApps) and smart contracts. Backed by over 100 peer-reviewed academic research, Cardano is one of the most advanced public blockchain’s available which benefits from its on-chain governance system to ensure broad participation with protocol developments – including the on-chain treasury where ADA holders vote for project funding in the ecosystem. Ultimately, Cardano’s development is based on letting users take back control of the essence of cryptocurrency, a decentralized system.
The Cardano blockchain is the first platform to both design and integrate Ouroboros, the environmentally safe, sustainable, and scalable protocol. Ouroboros ensures Cardano’s network is expandable enough to serve the never-ending demand without affecting the security accolade the blockchain holds dearly. Learn more about Ouroboros here https://cardano.org/ouroboros/.
POS staking is another use case for ADA, giving users the ability to participate in managing Cardano’s blockchain system. The ecosystem mints new ADA coins to reward stakers who validate transactions on the distributed ledger. ADA will continue to be generated on Cardano as an incentivization strategy for stakers and will cease creating new ones when it attains the targeted supply of 45 billion tokens.
Over the past year, ADA’s price has moved up from $0.052 on April 30, 2020, to $1.30 on April 29, 2021. Its current price is $1.55 (on June 10, 2021, per CoinGecko). Aside from adding Cardano’s native token, BTSE also lists the LINK, DOT, PHNX, and UNI tokens, among others, boosting liquidity on its platform.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
