• Cardano (ADA) has been approved for listing in Japan

  • Cardano (ADA) recently added another victory to its long list of victories. Cardano’s native coin, ADA, has now been approved for listing in Japan, which has one of the most stringent listing requirements in the world. Only a few coins have received approval to be listed on Japanese exchanges, and ADA is now one of them.

    From the beginning, Japan has been crypto-friendly. However, this does not imply that they have lax laws regarding cryptocurrencies. The coins that are listed on Japanese exchanges are carefully screened to ensure that they are good projects for the country’s citizens. This means that if ADA is approved, the coin will become even more valuable.

    Sebastien Guillemot, CTO and Co-Founder of dcSpark, announced the news on Twitter, stating that Japan has extremely strict rules for getting listed on crypto exchanges.

    An Important Listing

    Listings like this do not occur on a regular basis. Cardano (ADA) is now one of the coins that can be traded on Japanese exchanges, alongside Bitcoin, Ethereum, and Litecoin. The significance of this listing in the future growth of Cardano (ADA) cannot be overstated.

    Guillemot went on to post another tweet in which he compared the approval in Japan to the digital asset’s listing on Coinbase in March for the Japanese crypto community. Because, while the Coinbase listing was big news for the rest of the market, Japanese users were still largely excluded from it. Because of the country’s strict cryptocurrency regulations.

    Despite the fact that the Cardano ICO was mostly held in Japan in 2015, the asset was never listed on any Japanese exchange until now. This gives Cardano (ADA) to a broader customer base that was previously excluded from the market. The listing will allow Japanese investors to finally purchase Cardano (ADA) on Japanese exchanges.

    Cardano (ADA) Price Movement

    So far, the news of the listing has not resulted in a significant increase in the price of Cardano (ADA). The coin price has remained relatively stable at around $1.35 in the 24 hours since news of the listing broke.

    Despite the market’s continuous bullish trends over the past week, the ADA price has maintained a low momentum. Posting minor recoveries, only to drop back down and continue moving slowly as time passes.

    The digital asset is currently trading at $1.357, up 0.47 percent, with a market cap of $43.6 billion.

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