Updated: May 4
Starting immediately, we (Coinbase) will begin accepting inbound transfers of ADA to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.
Once sufficient supply of ADA is established on the platform, trading on our ADA-USD, ADA-BTC, ADA-EUR and ADA-GBP, order books will launch in three phases, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
Cardano (ADA) is a blockchain platform built on a proof-of-stake consensus protocol (called Ouroboros) that validates transactions without high energy costs. Development on Cardano uses the Haskell programming language, which is described as enabling Cardano “to pursue evidence-based development for unparalleled security and stability.” The blockchain’s native token, ADA, is named after the 19th century mathematician, Ada Lovelace.
ADA is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.