Huobi Pro, one of the largest digital currency exchanges in China lists Cardano [ADA], where it can be traded for Bitcoin [BTC], Ethereum [ETH], and Tether [USDT]. Huobi Pro is a global professional trading platform launched under the Huobi brand only for professional traders.
The announcement stated:
“Cardano [ADA] will be launched on Huobi Pro on April 16, 2018 [GMT+8]. Deposits will be available from 14:30, April 16 [GMT+8]. ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 [GMT+8]. Withdrawals will be available from 14:30, April 19 2018 [GMT+8].”
In addition to Cardano, Huobi Pro allows trading of Litecoin [LTC], Ethereum [ETH], Bitcoin Cash [BCH], Ethereum Classic [ETC], Ripple [XRP], and several other cryptocurrencies using Bitcoin [BTC] and Tether [USDT].
Cardano also being the 7th major cryptocurrency to be listed on Huobi Pro, saw a 12.44% hike after Huobi confirmed listings with a current market capitalization of $6.18 billion. In the 1st quarter of 2018, Cardano [ADA] saw a sudden drop in the market cap from $31.7 billion to $3.9 billion. However, the prices have been gradually increasing from the beginning of the 2nd quarter. Its price has increased from $0.15 to $0.23.
Additionally, Cardano’s recent development ‘Shelly‘ contains several ‘social processes involving community coordination and management’. It is a ‘massive project with many workstreams and scientific dependencies’. By decentralizing, it gives the users more power. However, it is still not completely developed and is expected to be released in Q2 and Q3 this year.
A crypto enthusiast tweeted:
“This is super BIG for Cardano. Huobi is the biggest Chinese exchange and #2 in the world witha daily trading volume of $1.2 billion”
Udo Pasch, a Twitter user said:
“this is a great message. I’m sure ADA will have a great journey this year.”
Melvin, a crypto enthusiast, and investor said:
“Great news! I really wish this is a step towards the global adoption of this amazing currency!”
The post Cardano [ADA] launched on Huobi Pro – Booming with a 12% hike! appeared first on AMBCrypto.
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