Robinhood Lists Cardano (ADA) Ahead Of Vasil Hard Fork

On Sep 1, 2022

It’s official now! The commission-free investment app Robinhood has now listed Cardano (ADA0 along with a few other cryptocurrencies after a huge demand. ADA holders can now buy and sell their Cardano holdings without any additional commission or fees.

At the moment, Cardano, the eighth largest cryptocurrency by market cap is trading at $0.44 with a pull off by 1.36% over the last 24hrs.

The listing was confirmed through Twitter by Robinhood today as the platform received massive demand to list Cardano (ADA). However, the users have to wait before starting their trade as the service is yet to start.

Robinhood crypto transfers are not currently available to NV, HI, and for some crypto assets NY residents. We don’t have a timeline of when this will be available but will keep you posted! 🤓
— Robinhood Help (@AskRobinhood) September 1, 2022

The Cardano community is now more optimistic on Cardano as a result of the listing of Cardano (ADA) shortly before the long awaited Vasil hard fork. Cardano’s creator, Charles Hoskinson, has previously asserted that the Vasil hard fork will probably take place in September.

Recently, the platform had listed Compound (COMP), Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL), and Chainlink (LINK) and in July Robinhood had also supported Avalanche (AVAX) and Stellar (XLM).

Additionally, along with ADA, the financial service company offered assistance for deposit and withdrawal of MATIC tokens on Polygon blockchain. This service will allow 37,000 dApps on Polygon to operate lending, borrowing and swapping.

The Cardano (ADA) is expected to reach around $0.55 with Vasil hard fork around the corner. The 1.35.3 node’s SPOs are responsible for 85% of mainnet block manufacturing, according to data from PoolTool. For the Vasil hard fork, a target of 75% was set. Exchanges and dApps, however, take time to respond.