Cardano's ADA token may be listed on Coinbase by the end of 2020. ADA holders will soon be able to staking their assets in Coinbase Custody.
More news coming in 2020
An IOHK spokesman - the company behind the Cardano project, issued the following statement to answer CoinTelegraph on the question of whether ADA will be listed on Coinbase:
“With the launch of our Adrestria, our new library and API suite - to help create a seamless process, integrating Cardano with exchanges, we have worked closely with a number of exchanges, so, the community can expect more news before 2020 ends. ”
IOHK launches a $ 20 million investment fund
The move comes amid Cardano's Virtual Summit event, which revealed a lot of updates for the project this week. On July 2, they announced that IOHK will launch cFund in cooperation with Wave Financial Group. cFund will be a venture capital fund aimed at promoting the adoption of IOHK's blockchain platforms.
The company pledged to invest $ 10 million for the fund, while another $ 10 million will be raised from its partners. cFund intends to invest $ 250,000 to $ 500,000 in "startups and the early stages of building their products and services on IOHK's blockchains, including Cardano."
Motivation for ADA prices
In a recent tweet, Cardano's founder Charles Hoskinson pointed out that Cardano's Virtual Summit had more than 10,000 attendees, which made it an even bigger event than the famous Blockchain Consensus.
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