Cardano becomes the first Japanese crypto exchange

Syed AhadWeb Editor

25th Aug, 2021. 06:08 pm

ADA (Cardano), by market capitalization, is the third-largest cryptocurrency. It is presently available for business in Japan. As per the BitPoint list, Cardano becomes the first Japanese crypto exchange.

ADA has now been added to the list of authorized cryptocurrencies in the country. These contain, but are not limited to, Bitcoin (BTC/USD), Tron (TRX/USD), XRP (XRP/USD), Ether (ETH/USD), Bitcoin Cash (BCH/USD).

Charles Hoskinson, co-founder of Cardano stated that he had waited for a long time for ADA to launch in Japan.

The former executive of Cardano’s founding organization EMURGO, Sebastien Guillemot, publicized that it was hard to launch ADA in Japan because the financial regulators of Japan are very sensitive about guaranteeing investor protection.

Financial watchdogs have approved some coins. While the country is crypto-friendly.

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