Commission-free investing app Robinhood on Thursday said it has listed Cardano (ADA). Users can now buy and sell Cardano (ADA) without additional commissions and fees. This has turned Cardano more bullish ahead of the Vasil hard fork in September.
Robinhood Lists Cardano (ADA) Before the Vasil Hard Fork
Commission-free stock and crypto trading app Robinhood in a tweet on September 1 announced the listing of Cardano (ADA) after many requests from its users. Users can buy and sell ADA, but the transfer facility is yet not available on Robinhood.
The latest tweet from Robinhood Help reads:
“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!”
The listing of Cardano (ADA) right before the much anticipated Vasil hard fork has made the Cardano community more bullish over Cardano. Charles Hoskinson, the founder of Cardano, has earlier claimed that the Vasil hard fork will most likely happen in September.
Robinhood earlier listed top cryptocurrencies including Compound (COMP), Shiba Inu (SHIB), Polygon (MATIC), Solana (SOL), and Chainlink (LINK). Last month, Robinhood listed Avalanche (AVAX) and Stellar (XLM) after requests from its users. The prices of cryptocurrencies soared higher after listing on the platform.
Today, Robinhood also added support for deposits and withdrawals of MATIC tokens on the Polygon blockchain. It will enable users to use 37,000 dApps on Polygon such as AAVE, Uniswap, and Balancer to perform activities including lending, borrowing, providing liquidity, and swapping.
Cardano (ADA) price is not showing any strong movement until now. The price is trading at $0.44, down nearly 3% in the last 24 hours. However, the anticipation of the Vasil hard fork will likely push the price above $0.55 again.
Moreover, Robinhood Markets (HOOD) stock price is trading at $9.04, down over 5% at the time of writing.
Vasil Hard Fork To Push ADA Price Above $0.55
The Cardano (ADA) price may likely hit $0.55 soon in anticipation of the hard fork in September. Data on PoolTool shows SPOs running the 1.35.3 node account for 85% of mainnet block production. The target was 75% to prepare for the Vasil hard fork. However, there is a delay from exchanges and dApps.
Binance and other large exchanges have already started upgrading to 1.35.3. Cardano community is pushing Coinbase to upgrade to 1.35.3 as the Vasil hard fork will not implement until the top 5 exchanges are ready to provide liquidity.
Source : coingape